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Joint ventures or non equity-alliances? Evidence from Italian firms

Author

Listed:
  • Antonio Majocchi

    (Dipartimento di Ricerche Aziendali - UNIPV - Università degli Studi di Pavia = University of Pavia)

  • Ulrike Mayrhofer

    (Laboratoire de Recherche Magellan - UJML - Université Jean Moulin - Lyon 3 - Université de Lyon - Institut d'Administration des Entreprises (IAE) - Lyon)

  • Joaquin Camps

    (UV - Universitat de València)

Abstract

This paper investigates the factors affecting the choice between joint ventures and non-equity alliances, when firms enter foreign markets. The authors compiled a database of Italian firms with 879 observations to test possible effects of firm specific characteristics, host country institutional characteristics and cultural distance on alliance mode choice. Using both transaction cost analysis and the resource based view, their findings demonstrate the crucial role played by firm size as well as by institutional and political features of host countries. The results concerning the role of functional activities involved and the industrial sector are mixed. Overall, the analysis shows that it is necessary to develop a more integrated approach to understand this complex choice made by firms when expanding abroad.

Suggested Citation

  • Antonio Majocchi & Ulrike Mayrhofer & Joaquin Camps, 2013. "Joint ventures or non equity-alliances? Evidence from Italian firms," Post-Print halshs-00796897, HAL.
  • Handle: RePEc:hal:journl:halshs-00796897
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    Cited by:

    1. Maria Cristina Sestu & Antonio Majocchi, 2020. "Family Firms and the Choice Between Wholly Owned Subsidiaries and Joint Ventures: A Transaction Costs Perspective," Entrepreneurship Theory and Practice, , vol. 44(2), pages 211-232, March.
    2. Cosmin-Florin LEHENE & Anca BORZA, 2018. "Problems In Strategic Alliances – Should We Terminate The Collaboration? Empirical Evidence From North-West Region Romania," Management and Marketing Journal, University of Craiova, Faculty of Economics and Business Administration, vol. 0(1), pages 7-29, May.
    3. Triki, Dora & Mayrhofer, Ulrike, 2016. "Do initial characteristics influence IJV longevity? Evidence from the Mediterranean region," International Business Review, Elsevier, vol. 25(4), pages 795-805.

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