Transactional characteristics, institutional environment and joint venture contracts

Journal of International Business Studies

Volumn 36, Issue 2, 2005, Pages 209-230

  Luo, Yadong ^a  

^a UNIVERSITY OF MIAMI   (United States)

Author keywords

IJV contract; Institutional environment; Transactional characteristics

Indexed keywords

EID: 18144385856     PISSN: 00472506     EISSN: None     Source Type: Journal    
DOI: 10.1057/palgrave.jibs.8400125     Document Type: Article

References (66)

1. Al-Najjar, N.I. (1995) 'Incomplete contract and the governance of complex contractual relationships', AEA Papers and Proceedings 85(2): 432-436.
2. Anderlini, L. and Felli, L. (1994) 'Incomplete written contracts: undescribable states of nature', Quarterly Journal of Economics 109(4): 1085-1124.
3. Anderson, E. and Gatignon, H. (1986) 'Modes of foreign entry: a transaction cost analysis and propositions', Journal of International Business Studies 11: 1-26.
4. Ayres, I. and Gertner, R.H. (1989) 'Filling gaps in incomplete contracts: an economic theory of default rules', Yale Law Journal 99(1): 87-130.
5. Barney, J.B. (1996) Gaining and Sustaining Competitive Advantage, Addison-Wesley: New York.
6. Bazerman, M.H. and Cillespie, J.J. (1999) 'Betting on the future: the virtues of contingent contracts', Harvard Business Review 77(5): 155-160.
7. Beamish, P.W. and Banks, J.C. (1987) 'Equity joint ventures and the theory of the multinational enterprises', journal of International Business Studies 18(2): 1-16.
8. Bernheim, B.D. and Whinston, M.D. (1998) 'Incomplete contracts and strategic ambiguity', American Economic Review 88(4): 902-932.
9. Boisot, M. and Child, J. (1988) 'The iron law of fiefs: bureaucratic failure and the problem', Administrative Science Quarterly 33: 507-527.
10. Brouthers, K.D. and Bamossy, G.J. (1997) The role of key stakeholders in international joint venture negotiations: case studies from Eastern Europe', Journal of International Business Studies 28: 285-308.
11. Buckley, P. and Casson, M. (1988) 'The Theory of Cooperation in International Business', in F.J. Contractor and P. Lorange (eds.) Cooperative Strategies in International Business, Lexington Books: Lexington, MA, pp: 31-34.
12. Busch, L.A. and Horstmann, I. (1992) 'Endogenous incomplete contracts', Mimeo, University of Waterloo and University of Western Ontario.
13. Cheung, S.N.S. (1983) 'The contractual nature of the firm', Journal of Law and Economics 26: 1-21.
14. Child, J. (1994) Management in China During the Age of Reform, Cambridge University Press: Cambridge.
15. China Statistical Yearbook (1996) China Statistical Bureau, Beijing, China.
16. Chow, E.H., Lee, W.Y. and Solt, M.E. (1997) 'The economic exposure of US multinational firms', Journal of Financial Research 20(2): 191-211.
17. Crocker, K.J. and Masten, S.E. (1988) 'Mitigating Contractual Hazards: Unilateral Options and Contract Length', Rand Journal of Economics 19(3): 327-344.
18. Crocker, K.J. and Masten, S.E. (1991) 'Pretia ex Machina? Prices and process in long-term contracts', Journal of Law and Economics 34(1): 69-99.
19. Dess, C. and Beard, D. (1984) 'Dimensions of organizational task environments', Administrative Science Quarterly 29: 52-73.
20. Catignon, H. and Anderson, E. (1988) 'The multinational corporation's degree of control over foreign subsidiaries: an empirical test of a transaction cost explanation', Journal of Law, Economics, and Organization 4: 305-336.
21. Geringer, J.M. and Hebert, L. (1989) 'Control and performance of international joint ventures', Journal of International Business Studies 20: 235-254.
22. Ghoshal, S. and Moran, I.P. (1996) 'Bad for practice: a critique of the transaction cost theory', Academy of Management Review 21: 13-37.
23. Goldberg, V.P. (1976) 'Toward an expanded economic theory of contract', Journal of Economic Issues 10(1): 45-61.
24. Cranovetter, M. (1985) 'Economic action and social structure: a theory of embeddedness', American Journal of Sociology 91: 481-510.
25. Greif, A. (1997) 'Contracting, Enforcement, and Efficiency: Economics Beyond the Law', in M. Bruno and B. Pleskovic (eds.) Annual World Bank Conference on Development Economics, 1997, World Bank: Washington, DC, pp: 121-149.
26. Hackett, S.C. (1993) 'Incomplete contracting: a laboratory experimental analysis', Economic Inquiry 31: 274-297.
27. Harrigan, K. R. (1986) Managing for Joint Venture Success, Lexington Books: Lexington, MA.
28. Henisz, W.J. (2000) 'The institutional environment for multinational investment', Journal of Law, Economics and Organization 16: 334-364.
29. Henisz, W.J. and Williamson, O.E. (1999) 'Comparative economic organization: within and between countries', Business and Politics 1(3): 261-277.
30. Hennart, J. (1988) 'A transaction costs theory of equity joint ventures', Strategic Management Journal 9: 141-158.
31. Hill, C.W.L. (1990) 'Cooperation, opportunism, and the invisible hand: implications for transaction cost theory', Academy of Management Review 15: 500-513.
32. Hitt, M.A., Dacin, M.T., Levitas, E., Arregle, J. and Borza, A. (2000) 'Partner selection in emerging and developed market contexts: resource-based and organizational learning perspectives', Academy of Management Journal 43(3): 449-467.
33. Hofstede, G. (2001) Culture's Consequences: Comparing Values, Behaviors, Institutions, and Organizations Across Nations, Sage: Thousand Oaks, CA.
34. Inkpen, A.C. and Beamish, P.W. (1997) 'Knowledge, bargaining power, and the instability of international joint ventures', Academy of Management Review 22(1): 177-202.
35. Joskow, P.L. (1990) The performance of long-term contracts: further evidence from coal markets', Rand Journal of Economics 21(2): 251-275.
36. Kogut, B. (1988) 'Joint ventures: theoretical and empirical perspectives', Strategic Management Journal 9: 319-332.
37. Kogut, B. and Singh, H. (1988) The effect of national culture on the choice of entry mode', Journal of International Business Studies 19: 411-431.
38. Levy, B. and Spiller, P.T. (1994) The institutional foundations of regulatory commitment: a comparative analysis of telecommunications regulation', Journal of Law, Economics, and Organization 10: 201-245.
39. Luo, Y. (2002) Multinational Enterprises in Emerging Markets, Copenhagen Business School Press: Copenhagen, Denmark.
40. Luo, Y. and Peng, M.W. (1999) 'Learning to compete in a transitional economy: experience, environment, and performance', Journal of International Business Studies 30(2): 269-296.
41. Macneil, I.R. (1974) The many features of contract', Southern California Law Review 47: 691-816.
42. Macneil, I.R. (1978) 'Contracts: adjustment of long-term economic relations under classical, neoclassical, and relational contract law', Northwestern University Law Review 72: 854-905.
43. Macneil, I.R. (1980) The New Social Contract, Yale University Press: New Haven, CT.
44. Mansfield, E. (1994) 'Intellectual property protection, foreign direct investment and technology transfer', International Finance Corporation Discussion Paper, 19, The World Bank.
45. Masten, S.E. (1993) 'transaction costs, mistakes and performance: assessing the importance of governance', Managerial and Decision Economics 14: 119-129.
46. Oliver, C. (1991) 'Strategic responses to institutional processes', Academy of Management Review 16: 145-179.
47. Oxley, J.E. (1997) 'Appropriability hazards and governance in strategic alliances: a transaction cost approach', Journal of Law, Economics and Organization 13(2): 387-409.
48. Oxley, J.E. (1999) 'Institutional environment and the mechanisms of governance: the impact of intellectual property protection on the structure of inter-firm alliances', Journal of Economic Behavior and Organization 38: 283-309.
49. Parkhe, A. (1991) 'Interfirm diversity, organizational learning, and longevity in global strategic alliances', Journal of International Business Studies 22: 579-601.
50. Parkhe, A. (1993) 'Strategic alliance structuring: a game theoretic and transaction cost examination of interfirm cooperation', Academy of Management Journal 36: 794-829.
51. Podsakoff, P.M. and Organ, D.W. (1986) 'Self-reports in organizational research: problems and prospects', Journal of Management 12(4): 531-544.
52. Prahalad, C.K. and Hamel, G. (1990) The core competence of the corporation', Harvard Business Review 68(3): 71-91.
53. Rapp, R. and Rozek, R. (1990) 'Benefits and costs of intellectual property protection in developing countries', Journal of World Trade 24(2): 75-102.
54. Reuer, J.J. and Arino, A. (2002) 'Contractual renegotiations in strategic alliances', Journal of Management 28(1): 47-68.
55. SAS/SAT User's Guide (1993) SAS Institute Inc., Cary, NC.
56. Schaan, J.-L. (1988) 'How to control a joint venture even as a minority shareholder', Journal of General Management 14: 4-16.
57. Shenkar, O. and Zeira, Y. (1992) 'Role conflict and role ambiguity of chief executive officers in international joint ventures', Journal of International Business Studies 23(1): 55-75.
58. Spier, K.E. (1992) 'Incomplete contracts and signaling', Rand Journal of Economics 23(3): 432-443.
59. Tan, J.J. and Litschert, R.J. (1994) 'Environment-strategy relationship and its performance implications: an empirical study of the Chinese electronics industry', Strategic Management Journal 15: 1-20.
60. Teece, D.J. (1983) 'Multinational enterprise, internal governance, and industrial organizations', American Economic Review 75(2): 233-238.
61. Teece, D.J. (1998) 'Capturing value from knowledge assets: the new economy, markets for know-how and intangible assets', California Management Review 40(3): 55-79.
62. Whitcomb, K.J. (1984) 'Risk assessment for US affiliates based in less developed countries', Columbia Journal of World Business 19(2): 76-89.
63. Williamson, O.E. (1979) 'Transaction-cost economics: the governance of contractual relations', The Journal of Law and Economics 22: 233-261.
64. Williamson, O.E. (1981) 'The economics of organization: the transaction cost approach', American Journal of Sociology 87: 548-577.
65. Williamson, O.E. (1991) 'Comparative economic organization: the analysis of discrete structural alternatives', Administrative Science Quarterly 36: 269-296.
66. Yan, A. and Luo, Y. (2001) International Joint Ventures: Theory and Practice, M.E. Sharpe: Armonk, NY.