Abstract
Abstract This paper compares the perspectives of transaction costs and strategic behavior in explaining the motivation to joint venture. In addition, a theory of joint ventures as an instrument of organizational learning is proposed and developed. Existing studies of joint ventures are examined in light of these theories. Data on the sectoral distribution and stability of joint ventures are presented.
Keywords
Joint (building)Joint ventureTransaction costIndustrial organizationBusinessEmpirical researchDatabase transactionNew VenturesStability (learning theory)Distribution (mathematics)MarketingEntrepreneurshipMicroeconomicsEconomicsComputer scienceCommerceEngineeringFinanceMathematics
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Publication Info
- Year
- 1988
- Type
- article
- Volume
- 9
- Issue
- 4
- Pages
- 319-332
- Citations
- 3293
- Access
- Closed
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Cite This
Bruce Kogut
(1988).
Joint ventures: Theoretical and empirical perspectives.
Strategic Management Journal
, 9
(4)
, 319-332.
https://doi.org/10.1002/smj.4250090403
Identifiers
- DOI
- 10.1002/smj.4250090403