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Joint ventures: Theoretical and empirical perspectives

Strategic Management Journal · 1988 · Vol. 9(4) · pp. 319–332
Bruce Kogut

Abstract

Abstract This paper compares the perspectives of transaction costs and strategic behavior in explaining the motivation to joint venture. In addition, a theory of joint ventures as an instrument of organizational learning is proposed and developed. Existing studies of joint ventures are examined in light of these theories. Data on the sectoral distribution and stability of joint ventures are presented.

Corporate Finance and GovernanceFirm Innovation and GrowthFinancial Reporting and Valuation ResearchJoint (building)Joint ventureTransaction costIndustrial organizationBusinessEmpirical researchDatabase transactionNew VenturesStability (learning theory)Distribution (mathematics)
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References
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Journal of International Business Studies · 1987 · 1,688 citations
Network externalities, competition, and compatibility
American Economic Review · 1985 · 6,179 citations
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American Journal of Sociology · 1981 · 6,293 citations
Markets and Hierarchies: Analysis and Antitrust Implications.
The Economic Journal · 1976 · 13,767 citations
Educational Organizations as Loosely Coupled Systems
Administrative Science Quarterly · 1976 · 7,246 citations
A transaction costs theory of equity joint ventures
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Cooperative Strategies in International Business
Journal of International Business Studies · 1990 · 902 citations
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