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| Tekijä: | Meschi, P-X. |
| Otsikko: | Government corruption and foreign stakes in international joint ventures in emerging economies |
| Lehti: | Asia Pacific Journal of Management
2009 : JUN, VOL. 26:2, p. 241-261 |
| Asiasana: | international business Asia corruption |
| Vapaa asiasana: | international joint ventures equity stakes emerging economies |
| Kieli: | eng |
| Tiivistelmä: | This study examines the relationship between government corruption and the changes in the equity stake of foreign partners in international joint ventures (IJVs) formed with local firms in emerging Asian economies. The study uses transaction cost theory and organizational learning theory and the study is based on a sample of 171 European firms whose equity stake was followed-up from 1996, when they formed IJVs in emerging Asian economies, to 2007. The results show that the government corruption is significantly related to the likelihood of foreign partners to terminate the IJV; however, the relationship is positive when using the Transparency International score used to measure government corruption and negative with the Political Risk Services score. It is also found that that the country experience of foreign partners moderates the relationship between government corruption and the changes in the equity stake of foreign partners in IJVs. |
SCIMA