Failure as a Consequence of Partner Politics: Learning from the Life and Death of an International Cooperative Venture

While it is widely recognized that international cooperative ventures suffer a high rate of failure, current theories, namely transaction costs, partner selection, bargaining and learning, offer limited and disjointed reasoning for it. Each of these theories is focused on a single aspect and on a limited phase in the venture’s life, neglecting the process that leads to eventual termination. To study this process, an in-depth analysis of the...