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| Tekijä: | Meschi, P-X. |
| Otsikko: | Environmental uncertainty and survival of international joint ventures: the case of political and economic risk in emerging countries |
| Lehti: | European management review
2005 : SUMMER, VOL 2:2, p. 143-152 |
| Asiasana: | Joint business ventures International Case studies Emerging markets Country risk |
| Kieli: | eng |
| Tiivistelmä: | This article examines the survival of international joint ventures (hereafter as: IJVs.) formed in emerging countries (here as: em-ctrs). The survival rate of IJVs. is studied, relating it to country risk (here as: ctr-risk). A survival analysis is applied to a sample of 210 IJVs. formed during the year 1996 by foreign partners from the European Union (EU) and local partners from different em-ctrs. Concerning the impact of ctr-risk. on IJVs. survival, the findings provide only a partial confirmation of this impact: the link between ctr-risk. and IJVs. survival is only supported empirically for the overall score of economic risk. A negative impact was observed: a high economic uncertainty is associated with a hazard rate of IJVs. decreasing with time, and vice versa. |
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