An evolutionary approach to study joint venture business performance: an empirical study of international joint ventures in Taiwan
by Cher-Min Fong, Cher-Hung Tseng, Chung-Shing Lee, Hsien-Jui Chung
International Journal of Business Performance Management (IJBPM), Vol. 6, No. 1, 2004

Abstract: This research investigates a series of major events and factors during the life-cycle stages of an international joint-venture (IJV) that may affect the business performance of the venture. The theoretical foundations of this research are joint-venture partner selection, strategic planning, and the theory of social exchange. A sample of 51 US–Taiwanese and Japanese–Taiwanese IJVs operating in Taiwan were collected and analysed. The research results show that factors associated with each major life-cycle stage of the venture exhibit a strong influence on the overall performance of IJVs. Choosing the right partner, comprehensiveness in planning, and post-established interactions between partners, all demonstrate significant impacts on IJV performance. The study reveals that, when managing a cooperative venture, managers should not ignore factors in subsequent evolutionary stages that may influence the IJV performance even though the pre-established conditions are favourable.

Online publication date: Mon, 10-May-2004

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