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Joint Venture as a Model of Cooperation in the Infrastructure Projects in Indonesia

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  • Irawan Soerodjo

Abstract

Purpose: This paper aims to present the advantages of a joint venture in the infrastructure development projects with a case study from Indonesia. Design/Methodology/Approach: The article used the normative approach by taking examples of joint ventures comparing them with other projects in infrastructure. Findings: Joint Operation is a model of cooperation between two parties, where the first party owns or provides facilities, and on the other party is the owner or provider of funds or having the ability or expertise to support the implementation of the work or project. Practical Implications: Joint Operation body can act and represented by the Board of Directors as in the case of a Limited Liability Company. Originality/Value: Joint Operation is not a formal legal entity, but as a quasi legal entity, because the formation of a Joint Operation body is based on mutual agreement, without having to obtain authorization from the authorities.

Suggested Citation

  • Irawan Soerodjo, 2020. "Joint Venture as a Model of Cooperation in the Infrastructure Projects in Indonesia," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 396-401.
    • Handle: RePEc:ers:ijebaa:v:viii:y:2020:i:2:p:396-401
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    References listed on IDEAS

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    1. Andrzej Cieslik & Giang Hien Tran, 2019. "Determinants of outward FDI from emerging economies," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 14(2), pages 209-231, June.
    2. Premysl Pisar & Diana Bilkova, 2019. "Controlling as a tool for SME management with an emphasis on innovations in the context of Industry 4.0," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 14(4), pages 763-785, December.
    3. Andreas Wibowo, 2005. "Estimating general threshold traffic levels of typical build, operate, and transfer toll road projects in Indonesia," Construction Management and Economics, Taylor & Francis Journals, vol. 23(6), pages 621-630.
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    More about this item

    Keywords

    Joint Venture; Joint Operation; cooperation; partnership.;
    All these keywords.

    JEL classification:

    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law

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