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THE CONTROL OF INTERNATIONAL EQUITY JOINT VENTURE: Distribution of capital and expatriation policies

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  • Jacques Jaussaud
  • Johannes Schaaper
  • Zhong-Yu Zhang

Abstract

Our research focuses on two main instruments of control over international joint ventures: the distribution of capital between partners and the expatriation policies of managers. Various studies show that the distribution of capital differs according to the degree of development of the host country. Using systematic random pulling of 323 international examples in the 1999 directory of the subsidiary companies of Japanese firms world-wide, we subject this assumption to empirical checking. On the issue of expatriation policy, our research aims to validate the general model of Perlmutter (1969, 1974) enriched by Edström and Galbraith (1977).

Suggested Citation

  • Jacques Jaussaud & Johannes Schaaper & Zhong-Yu Zhang, 2001. "THE CONTROL OF INTERNATIONAL EQUITY JOINT VENTURE: Distribution of capital and expatriation policies," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 6(2), pages 212-231.
    • Handle: RePEc:taf:rjapxx:v:6:y:2001:i:2:p:212-231
    DOI: 10.1080/13547860120059720
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    References listed on IDEAS

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    1. J Michael Geringer & Louis Hebert, 1989. "Control and Performance of International Joint Ventures," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 20(2), pages 235-254, June.
    2. Bruce Kogut, 1988. "Joint ventures: Theoretical and empirical perspectives," Strategic Management Journal, Wiley Blackwell, vol. 9(4), pages 319-332, July.
    3. Jean‐Francois Hennart, 1988. "A transaction costs theory of equity joint ventures," Strategic Management Journal, Wiley Blackwell, vol. 9(4), pages 361-374, July.
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    Cited by:

    1. Naoki Ando & Dong Kee Rhee & Namgyoo Park, 2008. "Parent country nationals or local nationals for executive positions in foreign affiliates: An empirical study of Japanese affiliates in Korea," Asia Pacific Journal of Management, Springer, vol. 25(1), pages 113-134, January.
    2. Jaussaud, Jacques & Schaaper, Johannes, 2006. "Control mechanisms of their subsidiaries by multinational firms: A multidimensional perspective," Journal of International Management, Elsevier, vol. 12(1), pages 23-45, March.

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