Efficient resources, industry membership, and shareholder value creation: The case of international joint ventures

Canadian Journal of Administrative Sciences

Volumn 22, Issue 3, 2005, Pages 193-205

  Merchant, Hemant ^a  

^a SIMON FRASER UNIVERSITY   (Canada)

Author keywords

Competition and firm performance; Industrial organization and resource based view(s); International joint ventures

Indexed keywords

EID: 29544437485     PISSN: 08250383     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1936-4490.2005.tb00365.x     Document Type: Article

References (53)

1. Aiken, L.S. & West, S.G. (1991). Multiple regression: Testing and interpreting interactions. Newbury Park, CA: Sage Publications.
2. Barney, J.B. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17 (1), 99-120.
3. Barney, J.B. (2001). Is the resource-based "view" a useful perspective for strategic management research? Yes. Academy of Management Review, 26 (1), 41-56.
4. Bleeke, J. & Ernst, D. (1991). The way to win in cross-border alliances. Harvard Business Review, 69 (6), 127-135.
5. Bowman, E.H. & Helfat, C.E. (2001). Does corporate strategy matter? Strategic Management Journal, 22 (1), 1-23.
6. Carmines, E.G. & Zeller, R.A. (1979). Reliability and validity assessment. Newbury Park, CA: Sage Publications.
7. Chung, I.Y., Koford, K.J., & Lee, I. (1993). Stock market views of corporate multinationalism: Some evidence from announcements of international joint ventures. Quarterly Review of Economics and Finance, 33 (3), 275-293.
8. Cohen, J. & Cohen, P. (1983). Applied multiple regression/correlation analysis for the behavioral sciences. Hillsdale, NJ: Lawrence Erlbaum.
9. Conner, K.R. (1994). The resource-based challenge to the industry-structure perspective. Academy of Management Best Paper Proceedings, 17-21.
10. Cook, T.D. & Campbell, D.T. (1979). Quasi-experimentation: design and analysis issues for field settings. Boston, MA: Houghton Mifflin.
11. Dierickx, I. & Cool, K. (1989). Asset stock accumulation and the sustainability of competitive advantage. Management Science, 35 (12), 1504-1511.
12. Dooley, R.S., Fowler, D.M., & Miller, A. (1996). The benefits of strategic homogeneity and strategic heterogeneity: The oretical and empirical evidence resolving past differences. Strategic Management Journal, 17(4), 293-305.
13. Eisenhardt, K.M. & Martin, J.A. (2000). Dynamic capabilities: What are they? Strategic Management Journal (Special issue titled 'The evolution of firm capabilities'), 21 (10-11), 1105-1121.
14. Fiol, M. (2001). Revisiting an identity-based view of sustainable competitive advantage. Journal of Management (Special issue titled The resource-based view of the firm: Ten years after 1991'), 27 (6), 691-700.
15. Friedrich, R.J. (1982). In defense of multiplicative terms in multiple regression equations. American Journal of Political Science, 26 (4), 797-833.
16. Godfrey, P.C. & Hill, C.W.L. (1995). The problem of unobservables in strategic management research. Strategic Management Journal, 16 (7), 519-534.
17. Gulati, R. (1998). Alliances and Networks. Strategic Management Journal, 19 (4), 293-318.
18. Hair, J.F., Anderson, R.E., Tatham, R.L., & Black, W.C. (1998). Multivariate data analysis. Upper Saddle River, NJ: Prentice-Hall.
19. Hanssens, D.M. & Johansson, J.K. (1991). Rivalry as synergy?: The Japanese automobile companies' export expansion, Journal of International Business Studies, 22 (3), 503-526.
20. Harrigan, K.R. (1985). Strategies for joint ventures. Lexington, MA: Lexington Books.
21. Hitt, M.A. & Ireland, R.D. (1985). Corporate distinctive competence, strategy, industry, and performance. Strategic Management Journal, 6 (3), 273-295.
22. Kogut, B. (1988). Joint ventures: Theoretical and empirical perspectives. Strategic Management Journal, 9, 319-332.
23. Kogut, B. & Singh, H. (1988). The effect of national culture on the choice of entry mode. Journal of International Business Studies, 19 (3), 411-432.
24. Lei, D. (1993). Offensive and defensive uses of alliances. Long Range Planning, 26 (4), 32-41.
25. Lindberg, E.B. & Ross, S.A. (1981). Tobin's q ratio and industrial organization. Journal of Business, 54 (1), 1-32.
26. Madhavan, R. & Prescott, J.E. (1995). Market value impact of joint ventures: The effect of industry information-processing load. Academy of Management Journal, 38 (3), 900-915.
27. Mauri, A.J. & Michaels, M.P. (1998). Firm and industry effects within strategic management: An empirical examination. Strategic Management Journal, 19 (3), 211-219.
28. McWilliams, A. & Siegel, D. (1997). Event studies in management research: Theoretical and empirical issues. Academy of Management Journal, 40 (3), 626-657.
29. Merchant, H. (1995). A strategic analysis of the expected performance of U.S. firms participating in international joint ventures. Unpublished doctoral dissertation, Krannert Graduate School of Management, Purdue University, West Lafayette, IN.
30. Merchant, H. (2000). Event-studies of joint venture formation announcements: A synthesis and some possible extensions. In S.B. Dahiya (Ed.), The current state of business disciplines, Vol. 4 (Management I) (pp. 1837-1861). Rohtak, India: Spellbound Publications.
31. Merchant, H. (2002). Shareholder value creation via international joint ventures: Some additional explanations. Management International Review, 42 (1), 49-69.
32. Mergers & Acquisitions. (1982). Joint ventures, 16 (4), 18.
33. Miles, G., Snow, C.C., & Sharfman, M.P. (1993). Industry variety and performance. Strategic Management Journal, 14 (3), 163-177.
34. Nanda, A. & Williamson, P.J. (1995). Use joint ventures to ease the pain of restructuring. Harvard Business Review, 73 (6), 119-128.
35. Nunnally, J.C. (1978). Psychometric theory. New York: McGraw-Hill.
36. Peteraf, M.A. (1993). The cornerstones of competitive advantage: A resource-based view. Strategic Management Journal, 14 (3), 179-191.
37. Porter, M.E. (1979). The structure within industries and companies' performance. Review of Economics and Statistics, 61 (2), 214-227.
38. Porter, M.E. (1980). Competitive strategy. New York: Free Press.
39. Porter, M.E. (1985). Competitive advantage: Creating and sustaining superior performance. New York: Free Press.
40. Porter, M.E. (1990). Competitive advantage of nations. New York: Free Press.
41. Powell, T.C. (1996). How much does industry matter?: An alternative empirical test. Strategic Management Journal, 17(4), 323-334.
42. Priem, R. & Butler, J. (2001). Is the resource-based view a useful perspective for strategic management research? Academy of Management Review, 26 (1), 22-40.
43. Reed, R. & DeFillippi, R.J. (1990). Causal ambiguity, barriers to imitation, and sustainable competitive advantage. Academy of Management Review, 15 (1), 88-102.
44. Reuer, J.J. & Miller, K.D. (1997). Agency costs and the performance implications of international joint venture internalization. Strategic Management Journal, 18 (6), 425-438.
45. Robins, J.A. & Wiersema, M.F. (1995). A resource-based approach to the multibusiness firm: Empirical analysis of portfolio interrelationships and corporate financial performance. Strategic Management Journal, 16 (4), 277-300.
46. Robson, M., Leonidou, L., & Katsikeas, C. (2002). Factors influencing international joint venture performance: Theoretical perspectives, assessment, and future directions. Management International Review, 42 (4): 385-418.
47. Rotem, Z. & Amit, R. (1996). Competence-based strategic defense. Academy of Management Best Paper Proceedings, 56-60.
48. Rouse, M.J. & Daellenbach, U.S. (1999). Rethinking research methods for the resource-based perspective: Isolating sources of sustainable competitive advantage. Strategic Management Journal, 20 (5), 487-494.
49. Rumelt, R.P. (1984). Towards a strategic theory of the firm. In R.B. Lamb (Ed.), Competitive strategic management, Englewood Cliffs, NJ: Prentice-Hall.
50. Sarkar, M.B., Echambadi, R., & Harrison, J.S. (2001). Alliance entrepreneurship and firm market performance. Strategic Management Journal (Special issue titled 'Strategic Entrepreneurship: Entrepreneurial Strategies for Wealth Creation'), 22 (6-7), 701-711.
51. Strebel, P. (1983). The stock market and competitive analysis. Strategic Management Journal, 4 (3), 279-291.
52. Weber, R.P. (1990). Basic content analysis. Newbury Park, CA: Sage Publications.
53. Wernerfelt, B. & Montgomery, C.A. (1986). What is an attractive industry? Management Science, 32, 1223-1230.