Publication Type

Journal Article

Publication Date

12-2009

Abstract

Selecting the right partner is important for the success of alliances and joint ventures. For international joint ventures (IJVs) from diverse cultures the partner selection process can become complicated. Prior studies have investigated the alliances and joint ventures to develop a set of objective criteria for evaluating potential partners. This paper reports the study of IJVs formed by Singapore firms in Peoples Republic of China and India. The intent was to develop a methodology for identifying partner selection criteria in a cross-cultural setting. The findings reveal that the partner selection process follows a different logic in Confucian societies. Trust has been established to be essential for developing enduring co-operative relationships. The paper explores the concept of trust in relation to commitment and control in the context of the Confucian culture. We discover that trust is critical to partner selection. Cultural differences do not significantly alter the partner selection criteria for Singapore firms. Results support the view that while Chinese may depend on networks for social solidarity, social trust does extends beyond the family and is necessary for harmonious and successful joint ventures.

Keywords

International joint ventures, Singapore, India, China, Confucian society, Alliances, Partner selection, Trust, Commitment

Discipline

Asian Studies | Entrepreneurial and Small Business Operations | International Business

Research Areas

Strategy and Organisation

Publication

International Entrepreneurship and Management Journal

Volume

5

Issue

4

First Page

369

Last Page

393

ISSN

1554-7191

Identifier

10.1007/s11365-008-0076-1

Publisher

Springer

Copyright Owner and License

Authors

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Additional URL

http://doi.org/10.1007/s11365-008-0076-1