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Agency costs and the structure and performance of international joint ventures

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Abstract

This article develops a principal-agent contractual model for the issue of the structure and performance of international joint ventures. From this model, hypotheses are generated relating the number of partners in a joint venture and the cross-cultural divergence of the partners with joint venture performance. These hypotheses are empirically assessed using a population of over 3,500 developed-country joint ventures.

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Authors and Affiliations

  1. Global Strategy and Law Area, School of Business Administration, California Polytechnic State University, 93407, San Luis Obispo, CA

    J. Michael Geringer

  2. Faculty of Administration, University of Ottawa, K1N6N5, Ottawa, Ontario, Canada

    C. Patrick Woodcock

Authors
  1. J. Michael Geringer
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  2. C. Patrick Woodcock
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Geringer, J.M., Woodcock, C.P. Agency costs and the structure and performance of international joint ventures. Group Decis Negot 4, 453–467 (1995). https://doi.org/10.1007/BF01384791

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