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Transnational Joint Ventures Between UK and EU Manufacturing Companies and the Structure of Competition

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  • Andrew I Millington

    (University of Bath)

  • Brian T Bayliss

    (University of Bath)

Abstract

This paper analyses both the incidence and motivation for transnational joint ventures between UK and EU companies in relation to the structure of competition. It is based on a survey of 812 UK manufacturing PLCs and case studies in forty-six companies with a total of sixty-nine joint ventures. The results highlight the importance of transnational JVs in the EU and suggest that they are unlikely to have significantly reduced the level of competition in the Union. The motivations which underlie these ventures can be broken into two groups. Large firms under JVs in response to competitive pressures within an increasingly unified single market. Small and medium-sized firms undertake JVs in order to penetrate discrete national markets.© 1995 JIBS. Journal of International Business Studies (1995) 26, 239–254

Suggested Citation

  • Andrew I Millington & Brian T Bayliss, 1995. "Transnational Joint Ventures Between UK and EU Manufacturing Companies and the Structure of Competition," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 26(2), pages 239-254, June.
    • Handle: RePEc:pal:jintbs:v:26:y:1995:i:2:p:239-254
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    Cited by:

    1. Hanvanich, Sangphet & Çavusgil, S. Tamer, 2001. "Stock market reactions to international joint venture announcement: an event analysis," International Business Review, Elsevier, vol. 10(2), pages 139-154, April.
    2. Millington, A. I. & Bayliss, B. T., 1997. "Instability of market penetration joint ventures: A study of UK joint ventures in the European Union," International Business Review, Elsevier, vol. 6(1), pages 1-17, February.
    3. Chand, Mohinder & Katou, Anastasia A., 2012. "Strategic determinants for the selection of partner alliances in the Indian tour operator industry: A cross-national study," Journal of World Business, Elsevier, vol. 47(2), pages 167-177.
    4. MacDougall, Shelley L. & Pike, Richard H., 2003. "Consider your options: changes to strategic value during implementation of advanced manufacturing technology," Omega, Elsevier, vol. 31(1), pages 1-15, February.

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