Growth and Survival of International Joint Ventures: An External-Internal Legitimacy Perspective
The authors examine the growth and survival of international joint ventures (IJVs) from a legitimacy perspective. In a sample of 291 Sino-Japanese joint ventures in China, they found that Chinese parent age, Chinese parent size, and IJV industry relatedness to either parent had a positive effect on IJV growth and/or survival. However, IJV industry relatedness to both parents led to lower rates of IJV growth and survival. The findings highlight the importance for IJVs to obtain both external and internal legitimacy, as well as the difficulties IJVs face in acquiring internal legitimacy from both parents simultaneously.
Entrepreneurial and Small Business Operations
Strategy and Organisation
Journal of Management
Lu, Jane Wenzhen and Xu, Dean.
Growth and Survival of International Joint Ventures: An External-Internal Legitimacy Perspective. (2010). Journal of Management. 32, (3), 426-448. Research Collection Lee Kong Chian School Of Business.
Available at: http://ink.library.smu.edu.sg/lkcsb_research/2642