How much does ownership really matter? Equity and trust relations in joint venture relationships

• 成果类型: Article
• 署名作者: Madhok, A
• 署名单位: York University - Canada
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/palgrave.jibs.8400182
• 发表日期: 2006
• 页码: 4-11
• 关键词: ownership; Control; trust; international joint ventures; alliances; governance form; multinational firms

摘要

In this paper, I reaffirm the role of trust in interfirm relations and make an appeal for more cross-disciplinary work to further our insights into the functioning of important phenomena of interest such as international joint ventures. I also pose a couple of fundamental questions: ( 1) Is ownership overrated? That is, should we and our scholarship be so consumed with issues of ownership? ( 2) Is trust under-rated? In what way might we and our scholarship change if we assumed trust rather than opportunism? In what way might it change firms' attitudes and behavior towards their partnership relations?.