{"title":"Stability of international joint ventures: When experience and age overshadow host country risk","authors":"Hamza Aib","doi":"10.1016/j.intman.2024.101205","DOIUrl":null,"url":null,"abstract":"<div><div>This study examines how host country risk affects the stability of international joint ventures (IJVs). Besides, it examines the moderating impact of experience in the host country and age of the IJV on the association between country risk and IJV stability. We use transaction cost economics (TCE) to hypothesize a detrimental impact of host country risk and IJV stability. Additionally, we integrate TCE and knowledge-based theory (KBT) to develop the hypotheses suggesting that the negative association between country risk and IJV stability is moderated by experience in the IJV's host country and the age of the IJV. Using a dataset on 140 IJVs established between French and cross-border partners, and employing event history analysis to assess IJV stability over time, we find that host country risk has a detrimental impact on IJV stability. Furthermore, we find that the degree of experience possession in IJV's host country and the age of the IJV moderate the negative association between host country risk and IJV stability.</div></div>","PeriodicalId":47937,"journal":{"name":"Journal of International Management","volume":"30 6","pages":"Article 101205"},"PeriodicalIF":5.9000,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of International Management","FirstCategoryId":"91","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1075425324000863","RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"MANAGEMENT","Score":null,"Total":0}
引用次数: 0
Abstract
This study examines how host country risk affects the stability of international joint ventures (IJVs). Besides, it examines the moderating impact of experience in the host country and age of the IJV on the association between country risk and IJV stability. We use transaction cost economics (TCE) to hypothesize a detrimental impact of host country risk and IJV stability. Additionally, we integrate TCE and knowledge-based theory (KBT) to develop the hypotheses suggesting that the negative association between country risk and IJV stability is moderated by experience in the IJV's host country and the age of the IJV. Using a dataset on 140 IJVs established between French and cross-border partners, and employing event history analysis to assess IJV stability over time, we find that host country risk has a detrimental impact on IJV stability. Furthermore, we find that the degree of experience possession in IJV's host country and the age of the IJV moderate the negative association between host country risk and IJV stability.
期刊介绍：
The Journal of International Management is devoted to advancing an understanding of issues in the management of global enterprises, global management theory, and practice; and providing theoretical and managerial implications useful for the further development of research. It is designed to serve an audience of academic researchers and educators, as well as business professionals, by publishing both theoretical and empirical research relating to international management and strategy issues. JIM publishes theoretical and empirical research addressing international business strategy, comparative and cross-cultural management, risk management, organizational behavior, and human resource management, among others.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
