Incremental Corporate Reconfiguration through International Joint Venture Buyouts and Selloffs

* This paper examines the determinants of US multinationals' decisions to buy out or sell off their international joint ventures (IJVs). The paper brings out the importance of a parent firm perspective on the phenomenon of IJV dynamics, suggesting that the venture be viewed within the context of the parent firm's corporate strategy. * The empirical findings provide evidence of an incremental, convergent process of corporate reconfiguration. Key...