search query: @author Russo, M. / total: 5
reference: 4 / 5
| Author: | Park, S. Russo, M. |
| Title: | When competition eclipses cooperation: an event history analysis of joint venture failure |
| Journal: | Management Science
1996 : JUN, VOL. 42:6, p. 875-890 |
| Index terms: | MANAGEMENT SCIENCE CO-OPERATION JOINT BUSINESS VENTURES |
| Language: | eng |
| Abstract: | Why do so many joint ventures fail? Despite the fact that their success is the exception rather than the rule, the literature on why joint venture performance has been so poor remains fragmentary. The authors address this issue adopting a transaction-cost economics perspective and modeling joint ventures as governance structures that blend the advantages and drawbacks of both markets and hierarchies. Using a data base on electronics industry ventures and event history analysis, the authors identify several predictors of joint venture failure and test for their influences. |
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