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Exploring International Joint Ventures

In: Small Business and Entrepreneurial Development in Africa

Author

Listed:
  • Henry Boateng

    (D’Youville University)

  • Stanley Cofie

    (Ghana Institute of Management and Public Administration)

  • Robert E. Hinson

    (Ghana Communication Technology University
    University of the Free State Business School)

  • John Paul Kosiba

    (University of Professional Studies)

Abstract

This study explores reasons domestic firms decide to enter into joint venture with foreign firms and the forms of resources domestic firms obtain from their foreign partners. In order to address these objectives, we conducted in-depth interviews with nine managers/CEOs of firms in Ghana that are currently in joint venture with foreign firms. We used a thematic analysis technique to analyse the data. Our results show that the social capital theory explains joint venture relationship. Firms in joint venture access resources via social relations and social structures. The results also show that although the home firms enter into joint venture with foreign firms in order to access financial resources and for foreign firms to reaffirm their credibility, home firms are able to access knowledge and new market once they enter into joint venture.

Suggested Citation

  • Henry Boateng & Stanley Cofie & Robert E. Hinson & John Paul Kosiba, 2023. "Exploring International Joint Ventures," Springer Books, in: Robert E. Hinson & Doreen Anyamesem Odame & Eric Kwame Adae & Kwame Adom (ed.), Small Business and Entrepreneurial Development in Africa, chapter 6, pages 125-145, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-37675-7_6
    DOI: 10.1007/978-3-031-37675-7_6
    as

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