The purpose of this paper is to investigate the factors affecting the choice between joint ventures and non-equity alliances, when firms enter foreign markets. Using a database of Italian firms compiled by the authors with 879 observations, the paper tests the 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, the 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.

Joint ventures or non equity-alliances? Evidence from Italian firms / Majocchi, A.; Mayhofer, U.; Camps, J.. - In: MANAGEMENT DECISION. - ISSN 0025-1747. - 51:2(2013), pp. 380-395. [10.1108/00251741311301876]

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

MAJOCCHI A.
;
2013

Abstract

The purpose of this paper is to investigate the factors affecting the choice between joint ventures and non-equity alliances, when firms enter foreign markets. Using a database of Italian firms compiled by the authors with 879 observations, the paper tests the 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, the 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.
Joint ventures; Market entry modes; Strategic alliances
Joint ventures or non equity-alliances? Evidence from Italian firms / Majocchi, A.; Mayhofer, U.; Camps, J.. - In: MANAGEMENT DECISION. - ISSN 0025-1747. - 51:2(2013), pp. 380-395. [10.1108/00251741311301876]
File in questo prodotto:
File Dimensione Formato  
Majocchi Camps and Mayhofer 2013 Mng Dec.pdf

Solo gestori archivio

Tipologia: Versione dell'editore
Licenza: Tutti i diritti riservati
Dimensione 117.16 kB
Formato Adobe PDF
117.16 kB Adobe PDF   Visualizza/Apri
Pubblicazioni consigliate

Caricamento pubblicazioni consigliate

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11385/196808
Citazioni
  • Scopus 18
  • ???jsp.display-item.citation.isi??? 14
social impact