Abstract

Abstract In the current highly competitive global environment, the international joint venture (IJV) has emerged as an important strategic alternative for many firms. IJVs enable partner firms to combine complementary capabilities and resources in order to enhance their competencies and so more effectively compete across world markets (Contractor and Lorange, 1988; Hamel, 1991; Glaister, 1996). IJVs have attracted a good deal of attention from both practising managers and a variety of academic researchers who have examined the core dimensions of IJV activity in terms of motives for IJV formation, partner selection criteria, issues in IJV management, and control and IJV performance (Parkhe, 1993).

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