Split management control and international joint venture performance

• 成果类型: Article
• 署名作者: Choi, CB; Beamish, PW
• 署名单位: University of North Carolina; University of North Carolina Greensboro; Western University (University of Western Ontario); University Western Ontario Hospital
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/palgrave.jibs.8400078
• 发表日期: 2004
• 页码: 201-215
• 关键词: joint ventures; split control; performance

摘要

A framework is presented to characterize four different ways in which management control is partitioned between a multinational enterprise (MNE) and local partners within international joint ventures (JVs): split control management, shared management, MNE-partner-dominant management, and local-partner-dominant management. The framework was tested using a sample of international JVs in Korea. We found that JVs following the split control management performed better than any other approach. No performance differences were found among the remaining three types of management control. This suggests that MNEs and local partners should split control: that is, choose the activities to control so that those chosen activities can be matched with their respective firm-specific advantages.