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Joint Ventures Formation of Very Large Multinational Firms

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  • Yigang Pan

    (York University and University of Hong Kong)

  • Xiaolian Li

    (University of Hong Kong)

Abstract

Large firms differ from smaller firms in many aspects. In this research note, we investigate the relationship between the size of firm and the characteristics of equity joint ventures (EJVs). Empirically, we found that very large firms are more likely to have a higher equity stake in their EJVs, seek alignment with other foreign firms, engage in global industries, and invest in large-scale EJVs than smaller firms. They are also less affected by the risk conditions of the host country. Empirical testing is based on a sample of 1,298 foreign EJVs in the People's Republic of China between 1981 and 1998. Interesting differences also exist among firms that are based in the U.S., Japan, and Europe.© 2000 JIBS. Journal of International Business Studies (2000) 31, 179–189

Suggested Citation

  • Yigang Pan & Xiaolian Li, 2000. "Joint Ventures Formation of Very Large Multinational Firms," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 31(1), pages 179-189, March.
    • Handle: RePEc:pal:jintbs:v:31:y:2000:i:1:p:179-189
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    Cited by:

    1. 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.
    2. Gleich, Wolfgang & Schmeisser, Bjoern & Zschoche, Miriam, 2017. "The influence of competition on international sourcing strategies in the service sector," International Business Review, Elsevier, vol. 26(2), pages 279-287.
    3. Nakamura, Masao, 2005. "Joint venture instability, learning and the relative bargaining power of the parent firms," International Business Review, Elsevier, vol. 14(4), pages 465-493, August.
    4. Boateng, Agyenim & Glaister, Keith W., 2002. "Performance of international joint ventures: evidence for West Africa," International Business Review, Elsevier, vol. 11(5), pages 523-541, October.
    5. Mina Glambosky & Kim Gleason & Joan Wiggenhorn, 2011. "Joint ventures between US MNCs and foreign governments," International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 7(3), pages 238-258, June.
    6. Jing Yang & Frank Tipton & Jiatao Li, 2011. "A review of foreign business management in China," Asia Pacific Journal of Management, Springer, vol. 28(3), pages 627-659, September.
    7. Newburry, William & Zeira, Yoram & Yeheskel, Orly, 2003. "Autonomy and effectiveness of equity international joint ventures (IJVs) in China," International Business Review, Elsevier, vol. 12(4), pages 395-419, August.
    8. Hutzschenreuter, Thomas & Lewin, Arie Y. & Dresel, Stephan, 2011. "Governance modes for offshoring activities: A comparison of US and German firms," International Business Review, Elsevier, vol. 20(3), pages 291-313, June.
    9. Indro, Daniel C. & Richards, Malika, 2007. "The determinants of foreign partner's equity ownership in Southeast Asian joint ventures," International Business Review, Elsevier, vol. 16(2), pages 177-206, April.
    10. Thomas Hutzschenreuter & Arie Y. Lewin & Stephan Dresel, 2011. "Time to Success in Offshoring Business Processes," Management International Review, Springer, vol. 51(1), pages 65-92, February.
    11. Lee, Tan, 2004. "Determinants of the foreign equity share of international joint ventures," Journal of Economic Dynamics and Control, Elsevier, vol. 28(11), pages 2261-2275, October.
    12. Pan, Yigang, 2003. "The inflow of foreign direct investment to China: the impact of country-specific factors," Journal of Business Research, Elsevier, vol. 56(10), pages 829-833, October.
    13. Richards, Malika & Yang, Yi, 2007. "Determinants of foreign ownership in international R&D joint ventures: Transaction costs and national culture," Journal of International Management, Elsevier, vol. 13(2), pages 110-130, June.

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