haku: @journal_id 1343 / yhteensä: 429
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| Tekijä: | Boersma, M.F. Buckley, P.J. Ghauri, P.N. |
| Otsikko: | Trust in international joint venture relationships |
| Lehti: | Journal of Business Research
2003 : DEC, VOL. 56:12, p. 1031-1042 |
| Asiasana: | Joint business ventures Performance appraisal Case studies Models |
| Kieli: | eng |
| Tiivistelmä: | A lot of attention has been paid to the performance of international joint ventures (or IJVs) and trust has been recognized as key factor influencing it. This paper examines the emergence of trust as a process and develops a process model of trust building in IJVs, which is used to analyse four case studies. The main conclusions are the following: Whereas competence-based trust starts from public information, promissory-based trust and goodwill-based trust are individually orientated and mainly develope through direct personal interaction. Such interaction may lead to bonds of friendship btw. delegates. Before these bonds evolve, trust is mainly based on the perceived self-interest of the partner in the joint venture (or JV). When the bonds of friendship dominate, the main source of trust shifts towards emotional commitments. Thus, in the early stages of an IJV, promissory-based trust predominates, and as the JV progresses, competence-based trust emerges. Goodwill-based trust is important throughout the process. |
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