Reexamining the relationship between control mechanisms and international joint venture performance: The mediating roles of perceived value gap and information asymmetry

According to transaction cost theory, the risk of opportunism is a major obstacle to cooperative relationships, such that multinational corporations need to exert control over their international joint ventures (IJVs). However, inconsistent findings indicate that the control–performance linkage is complex and poorly understood. This study develops a mediating framework and suggests that perceived value gap and information asymmetry have a direct...