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Article: Joint venture performance revisited: Japanese foreign subsidiaries worldwide (1).
- Article from:
- Management International Review
- Article date:
- January 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 Gabler Verlag. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Abstract
* Our evidence from the analysis of performance data on 27,974 foreign subsidiaries challenges conventional notions about joint venture survival rates and financial performance.
* This evidence suggests the need for future research to explore why joint ventures survive as well as they do, why wholly-owned subsidiaries have exit rates comparable to joint ventures, and why joint ventures had a level of financial performance at least equal to wholly-owned subsidiaries.
Key Results
* We find joint ventures to have survival rates and perceived financial performance levels comparable to wholly-owned subsidiaries. Further, ...