Resources and equity ownership in international joint ventures : an empircal analysis of JVs in Turkey

Demirbag, Mehmet and Weir, David T.H. (2006) Resources and equity ownership in international joint ventures : an empircal analysis of JVs in Turkey. Thunderbird International Business Review, 48 (1 Spec). pp. 55-76. ISSN 1096-4762

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Abstract

Partners' resources are an important conceptual dimension of joint ventures (JVs), which may further expand our existing knowledge of determinants of equity control and partners' influence on JV strategy. This article builds on prior research by providing a comprehensive account of partners' resources in JVs and their impact on both ownership composition and partners' relative influence on JV strategy. Our findings provide relatively strong support to the resource-based explanation of strategic alliances in emerging markets and indicate the further utility of a knowledge-management perspective.