Explaining IJV survival in a transitional economy through social exchange and knowledge-based perspectives

• 成果类型: Article
• 署名作者: Steensma, HK; Lyles, MA
• 署名单位: University of Washington; University of Washington Seattle; Indiana University System; Indiana University Indianapolis; IU Kelley School of Business
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/1097-0266(200008)21:8<831::AID-SMJ123>3.0.CO;2-H
• 发表日期: 2000
• 页码: 831-851
• 关键词: International joint ventures; Transitional economies; IJV control; IJV learning

摘要

In this study, we combine social exchange and knowledge-based perspectives to develop a general path model of IJV survival. We further refine our expectations by considering the transitional economic context of our study and the somewhat unique managerial values resulting from the legacy of Marxist ideology. Results from structural equation modeling suggest that an imbalance in the management control structure between the parents leads to parental conflict and an increased likelihood of IJV failure. An imbalance in the ownership control structure, however, had no influence on conflict or survival. In general, support from the foreign parent is positively related to IJV learning and IJV survival. However higher levels of technical support provided by the foreign parent to the IJV reduced the level of parental conflict, whereas management support had no effect on conflict. Our results suggest some dilemmas for firms pursuing IJVs in transitional economies. Although the foreign parent often contributes critical resources to the IJV, providing it with bargaining power and a high level of influence, an imbalance in management control between the partners may ultimately be detrimental to IJV survival. Copyright (C) 2000 John Wiley & Sons, Ltd.