Cultural distance and the performance of international joint ventures: a critical assessment of model specifications and variable measurement

This study provides a critical summary and assessment of the empirical literature on the relationship between cultural distance and the performance of international joint ventures (IJVs) based on studies published over the period 1993–2008. The existing literature reports inconsistent and largely statistically insignificant findings for the relationship. We add to this literature by analysing some 63 empirical studies of the cultural distance –...