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| Author: | Luo, Y. |
| Title: | Are joint venture partners more opportunistic in a more volatile environment? |
| Journal: | Strategic Management Journal
2007 : JAN, VOL. 28:1, p. 39-60 |
| Index terms: | joint business ventures volatility transaction costs data management emerging markets |
| Language: | eng |
| Abstract: | This paper deals with opportunistic behavior of joint venture partners in a volatile, drastically changing, emerging economy. The study builds on transaction cost and information processing theories using hypotheses to find answers to the following topics: increasing opportunism to cope with industry structural inability, information unverifiability and law unenforceability. Lou builds on an analysis of 188 joint ventures in an emerging market. Findings suggest that opportunism increases with information unverifiability and law unenforceability. The relationships are stronger when joint ventures are more dependent on the host country environment, but weaker in fast-growing industries. Opportunism is found to be playing a mediating role in relationships btw. environmental volatility and joint venture performance. |
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