Abstract
This research investigates the effects of cultural characteristics, awareness of international joint venture (IJV) importance, commitment, and team commonality on team and IJV performances. This study employs a database of IJV firms from the Thailand Board of Investment and an original survey conducted of IJV top managers via a mailed questionnaire. Data was analyzed using ordinary least square regression. The results indicate that the cultural characteristics of IJV managers have no significant effect on the awareness of IJV importance while individualism and power distance show significant effects on commitment. Also, uncertainty avoidance and power distance exhibit a significant positive impact on team performance. Subsequently, IJV importance awareness mediates between commitment and cultural characteristics to some degree, while individualism and power distance significantly alter commitment. In addition, uncertainty avoidance and power distance exhibit a significant positive impact on team performance, while team commonality reveals no moderating effect.
Highlights
South-East Asia continues to be the region’s growth engine as foreign direct investment (FDI) has increased to an estimated $177 billion, a 19 percent rise from 2018
The results indicate that the cultural characteristics of international joint venture (IJV) managers have no significant effect on the awareness of IJV importance while individualism and power distance show significant effects on commitment
IJV importance awareness mediates between commitment and cultural characteristics to some degree, while individualism and power distance significantly alter commitment
Summary
South-East Asia continues to be the region’s growth engine as foreign direct investment (FDI) has increased to an estimated $177 billion, a 19 percent rise from 2018. The largest FDI host country in the region, Singapore, has continued to surge by 42 percent in 2019 to $110 billion. This has been driven primarily by deals in the information and communication sector. In Indonesia, investments have risen 12 percent, to $24 billion, with significant inflows in manufacturing and wholesale and retail trade (UNCTAD, 2020). According to the 2019 World Investment Report, titled Developing Asia, the region is the largest recipient region of (FDI) flows and registered a 4 percent increase, which is $512 billion in 2018.
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