Actualization of growth potential in international joint ventures: The moderating effects of localization strategies
Abstract
We employ the growth options perspective to examine how multinational corporations’ localization strategies facilitate the actualization of growth potential preserved in international joint ventures (IJVs). This study uses a data of Korean IJVs; it accounts for the endogeneity associated with a firm’s decision to exercise growth options through a two-stage model. We find that the enlarged IJVs, via conversion to majority ownership under reduced...
Paper Details
Title
Actualization of growth potential in international joint ventures: The moderating effects of localization strategies
Published Date
Feb 1, 2020
Journal
Volume
55
Issue
2
Pages
101024 - 101024
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