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Joint ventures: Theoretical and empirical perspectives
Author(s) -
Kogut Bruce
Publication year - 1988
Publication title -
strategic management journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 11.035
H-Index - 286
eISSN - 1097-0266
pISSN - 0143-2095
DOI - 10.1002/smj.4250090403
Subject(s) - joint (building) , joint venture , transaction cost , industrial organization , business , empirical research , database transaction , new ventures , stability (learning theory) , distribution (mathematics) , marketing , entrepreneurship , microeconomics , economics , computer science , commerce , engineering , finance , mathematics , mathematical analysis , programming language , machine learning , statistics , architectural engineering
This paper compares the perspectives of transaction costs and strategic behavior in explaining the motivation to joint venture. In addition, a theory of joint ventures as an instrument of organizational learning is proposed and developed. Existing studies of joint ventures are examined in light of these theories. Data on the sectoral distribution and stability of joint ventures are presented.