Roy Chowdhury, Prabal and Roy Chowdhury, Indrani (2001): Joint venture instability: a life cycle approach. Published in: Effects of Globalization on Industry and Environment, eds. R. Acharyya and B. Moitra No. 2001, Publisher: Lancer's Books, New Delhi. (2001): pp. 43-72.
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Joint ventures represent one of the most fascinating developments in international business. In the last few decades, the rate of joint venture formation has accelerated dramatically. Nowadays joint ventures are much more widespread and occur in industries like telecommunications, biotechnology etc. At the same time, however, it must be noted that joint ventures are very unstable. In this paper we survey the phenomenon of joint venture instability. We draw on the relative recent theoretical literature on joint venture instability to provide a unified explanation of joint venture life-cycles, formation, as well as breakdown. Further, we do this for both research oriented, as well as production joint ventures.
|Item Type:||MPRA Paper|
|Institution:||Indian Statistical Institute, Delhi Center and National Institute of Public Finance and Policy|
|Original Title:||Joint venture instability: a life cycle approach|
|Keywords:||Joint ventures; formation; breakdown; synergy; moral hazard; learning|
|Subjects:||F - International Economics > F2 - International Factor Movements and International Business > F23 - Multinational Firms; International Business
L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L13 - Oligopoly and Other Imperfect Markets
|Depositing User:||Prabal Roy Chowdhury|
|Date Deposited:||23. Jan 2007|
|Last Modified:||13. Feb 2013 07:00|
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