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Tekijä: | Reuer, J. J. |
Otsikko: | Incremental corporate reconfiguration through international joint venture buyouts and selloffs |
Lehti: | Management International Review
2002 : VOL. 42:3, p. 237-260 |
Asiasana: | Joint business ventures Corporate buying Management buy-outs |
Kieli: | eng |
Tiivistelmä: | The author examines the determinants of US multinationals' decisions to buy out or sell off their international joint ventures. The empirical findings provide evidence of an incremental, covergent process of corporate reconfiguration. Firms tend to increase their resource commitments to core IJVs, and the likelihood of IJV buyout is elevated further when the parent firm has ready access to capital and already maintains significant control over the venture. The proclivity of US firms to buy out their IJVs is also magnified when the venture operates in a culturally similar host country. |
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