Résumés
Résumé
Cette étude a pour objectif d’analyser l’influence du nombre de partenaires sur la survie des joint ventures. Les résultats montrent que plus le nombre de partenaires est élevé, plus la probabilité de survie est faible. Cependant, lorsque l’âge de la joint venture augmente, un nombre élevé de partenaires a alors un effet positif sur la survie. La prise en compte de l’effet du temps permet de réconcilier l’approche fondée sur les coûts de transaction, qui suppose un effet négatif du nombre de partenaires, et l’approche relationnelle, qui suppose un effet positif lié à la combinaison des ressources.
Mots-clés :
- Joint venture,
- alliance,
- survie,
- approche relationnelle,
- études d’événements
Abstract
In this research, we analyze the influence of the number of partners on joint venture survival. Our findings show that the higher the number of partners, the lower the probability of survival. However, for older joint ventures, a high number of partner increases the probability of survival. By considering this age effect, we propose to conciliate predictions from a transaction cost perspective, that suppose a negative influence of the number of partners on survival, and predictions from a relational view, that suppose a positive influence related to the combination of multiple resources.
Keywords:
- Joint venture,
- Alliance,
- Survival,
- Relational View,
- Event study
Resumen
El objeto de este estudio es de analizar la influencia de la cantidad de empresas sobre la sobrevida de las joint ventures. Los resultados muestran que cuanto más elevado es el número de empresas, más la posibilidad de sobrevida es débil. Sin embargo cuando la edad de la joint venture aumenta, el número elevado de empresas tiene un efecto positivo sobre la sobrevida. La consideración de la duración permite reconciliar el enfoque basado en los costos de transacción que supone un efecto negativo del número de empresas y el enfoque relacional que supone un efecto positivo ligado a la combinación de recursos.
Palabras clave:
- joint venture,
- alianzas,
- sobrevida,
- enfoque relacional,
- estudios de acontecimientos
Parties annexes
Bibliographie
- Ariño, Africa; de la Torre, José (1998). « Learning from failure : Towards an evolutionary model of collaborative ventures », Organization Science, Vol. 9, N° 3, p. 306-325.
- Barkema, Harry G.; Shenkar, Oded; Vermeulen, Freek; Bell, John H. J. (1997). « Working abroad, working with others : How firms learn to operate international joint ventures ? », Academy of Management Journal, Vol. 40, N° 2, p. 426-442.
- Barkema, Harry G.; Vermeulen, Freek (1997). « What differences in the cultural background of partners are detrimental for international joint ventures ? », Journal of International Business Studies, Vol. 28, N° 4, p. 845-864.
- Blodgett, Linda L. (1992). « Factors in the instability of international joint ventures : An event history analysis », Strategic Management Journal, Vol. 13, N° 6, p. 475-481.
- Chung, Chris C.; Beamish, Paul W. (2005). « The impact of institutional reforms on characteristics and survival of foreign subsidiaries in emerging economies », Journal of Management Studies, Vol. 42, N° 1, p. 35-62.
- Chung, Chris C.; Beamish, Paul W. (2010). « The trap of continual ownership change in international equity joint ventures », Organization Science, Vol. 21, N° 5, p. 995-1015.
- Delios, Andrew; Beamish, Paul W. (2001). « Survival and profitability : The roles of experience and intangible assets in foreign subsidiary performance », Academy of Management Journal, Vol. 44, N° 5, p. 1028-1038.
- Delios, Andrew; Beamish, Paul W. (2004). « Joint venture performance revisited : Japanese foreign subsidiaries worldwide », Management International Review, Vol. 44, N° 1, p. 69-91.
- Dhanaraj, Charles; Beamish, Paul W. (2004). « Effect of equity ownership on the survival of international joint ventures », Strategic Management Journal, Vol. 25, N° 3, p. 295-305.
- Doz, Yves (1996). « The evolution of cooperation in strategic alliances : Initial conditions or learning processes ? », Strategic Management Journal, Vol. 17, N° S1, p. 55-83.
- Duan, Jason; Juma, Norman (2007). « Inter-partner credible threat and the survival of U.S.-China joint ventures », Journal of Business Strategies, Vol. 24, N° 1, p. 91-104.
- Dyer, Jeffrey H.; Singh, Harbir (1998). « The relational view : Cooperative strategy and sources of interorganizational competitive advantage », Academy of Management Review, Vol. 23, N° 4, p. 660-679.
- Franko, Lawrence G. (1971). Joint Venture Survival in Multinational Corporations, New York : Praeger.
- Garcia-Canal, Esteban; Valdés-Llaneza, Ana; Ariño, Africa (2003). « Effectiveness of dyadic and multy-party joint ventures », Organization Studies, Vol. 24, N° 5, p. 743-770.
- Gomes-Casseres, Benjamin (1987). « Joint venture instability : Is it a problem ? », Colombia Journal of World Business, Vol. 22, N° 2, p. 97-102.
- Gong, Yaping; Shenkar, Oded; Luo, Yadong; Nyaw, Mee-Kau. (2007). « Do multiple parents help or hinder international joint venture performance ? The mediating roles of contract completeness and partner cooperation », Strategic Management Journal, Vol. 28, N° 10, p. 1021-1034.
- Gulati, Ranjay; Singh, Harbir (1998). « The architecture of cooperation : Managing coordination costs and appropriation concerns in strategic alliances », Administrative Science Quarterly, Vol. 43, N° 4, p. 781-814.
- Harrigan, Kathryn R. (1988). « Joint ventures and competitive strategy », Strategic Management Journal, Vol. 9, N° 2, p. 141-158.
- Hennart, Jean-François (1988). « A transaction costs theory of equity joint ventures », Strategic Management Journal, Vol. 9, N° 4, p. 361-374.
- Hennart, Jean-François (2009). « Down with MNE-centric theories ! Market entry and expansion as the bundling of MNE and local assets », Journal of International Business Studies, Vol. 40, N° 9, p. 1432-1454.
- Hennart, Jean-François; Kim, Dong-Jae; Zeng, Ming (1998). « The impact of joint venture status on the longevity of japanese stakes in US manufacturing facilities », Organization Science, Vol. 9, N° 3, p. 382-395.
- Hennart, Jean-François; Zeng, Ming (2002). « Cross-cultural differences and joint venture longevity », Journal of International Business Studies, Vol. 33, N° 4, p. 699-716.
- Heinrich, Andreas; Kusznir, Julia; Pleines, Heiko (2002). « Foreign investment and national interests in the Russian oil and gas industry », Post-Communist Economies, Vol. 14, N° 4, p. 495-507.
- Inkpen, Andrew (1998). « Learning, knowledge acquisition, and strategic alliances », European Management Journal, Vol. 16, N° 2, p. 223-229.
- Kale, Prashant; Singh, Harbir; Perlmutter, Howard (2000). « Learning and protection of proprietary assets in strategic alliances : Building relational capital », Strategic Management Journal, Vol. 21, N° 3, p. 217-237.
- Kanter, Rosabeth M. (1994). « Collaborative advantage : The art of alliances », Harvard Business Review, Vol. 72, N° 4, p. 96-108.
- Katsioloudes, Marios I.; Isichenko, Daria (2007). « International joint ventures in Russia : A recipe for success », Management Research News, Vol. 30, N° 2, p. 133-152.
- Kent, David H. (1991). « Joint ventures vs. non-joint ventures : An empirical investigation », Strategic Management Journal, Vol. 12, N° 5, p. 387-393.
- Killing, J. Peter (1983). Strategies for Joint Venture Success, New York : Praeger.
- Kogut, Bruce (1989). « The stability of joint ventures : Reciprocity and competitive rivalry », Journal of Industrial Economics, Vol. 38, N° 2, p. 183-198.
- Koza, Mitchell P.; Lewin, Arie Y. (1998). « The co-evolution of strategic alliances », Organization Science, Vol. 9, N° 3, p. 255-264.
- Lane, Peter J.; Salk, Jane E.; Lyles, Marjorie A. (2001). « Absorptive capacity, learning, and performance in international joint ventures », Strategic Management Journal, Vol. 22, N° 12, p. 1139-1161.
- Lavie, Dovev (2006), « The competitive advantage of interconnected firms : An extension of the resource-based view », Academy of Management Review, Vol. 31, N° 3, p. 638-658.
- Leung, Wing-Fai (1997). « The duration of international joint ventures and foreign wholly-owned subsidiaries », Applied Economics, Vol. 29, p. 1255-1269.
- Lorenzoni, Gianni; Lipparini, Andrea (1999). « The leveraging of interfirm relationships as a distinctive organizational capability : A longitudinal study », Strategic Management Journal, Vol. 20, N° 4, p. 317-338.
- Lowen, Aaron; Pope, Jennifer (2008), « Survival analysis of international joint venture relationships », Journal of Business and Economic Studies, Vol. 14, N° 1, p. 62-80.
- Lu, Jane W.; Hébert, Louis (2005). « Equity control and the survival of international joint ventures : A contingency approach », Journal of Business Research, Vol. 58, N° 6, p. 736-745.
- Lu, Jane W.; Xu, Dean (2006). « Growth and survival of international joint ventures : An external-internal legitimacy perspective », Journal of Management, Vol. 32, N° 3, p. 426-448.
- Makino, Shige; Beamish, Paul W. (1998), « Performance and survival of joint ventures with non-conventional ownership structures », Journal of International Business Studies, Vol. 24, N° 4, p. 797-818.
- Makino, Shige; Chan Christine M.; Isobe, Takehiko; Beamish, Paul W. (2007). « Intended and unintended termination of international joint ventures », Strategic Management Journal, Vol. 28, N° 11, p. 1113-1132.
- Meschi, Pierre-Xavier (2009). « Government corruption and foreign stakes in international joint ventures in emerging economies », Asia Pacific Journal of Management, Vol. 26, N° 2, p. 241-261.
- Meschi, Pierre-Xavier; Riccio, Edson L. (2008). « Country risk, national cultural differences between partners and survival of international joint ventures in Brazil », International Business Review, Vol. 17, N° 3, p. 250-266.
- Parkhe, Arvind (1993). « Strategic alliance structuring : A game theoretic and transaction cost examination of interfirm cooperation », Academy of Management Journal, Vol. 36, N° 4, p. 794-829.
- Park, Seung H.; Russo, Michael V. (1996). « When competition eclipses cooperation : An event history analysis of joint venture failure », Management Science, Vol. 42, N° 6, p. 875-890
- Park, Seung H.; Ungson, Gerardo R. (1997). « The effect of national culture, organizational complementarity, and economic motivations on joint ventures motivations », Academy of Management Journal, Vol. 40, N° 2, p. 279-307.
- Powell, Walter W. (1998). « Learning from collaboration : Knowledge and networks in the biotechnology and pharmaceutical industries », California Management Review, Vol. 40, N° 3, p. 228-240.
- Powell, Walter W.; Koput, Kenneth W.; Smith-Doerr, Laurel (1996). « Interorganizational collaboration and the locus of innovation : Networks of learning in biotechnology », Administrative Science Quarterly, Vol. 41, N° 1, p. 116-145.
- Prévot, Frédéric; Meschi, Pierre-Xavier (2006). « Evolution of an International Joint Venture : The Case of a French-Brazilian Joint Venture », Thunderbird International Business Review, Vol. 48, N° 3, p. 297-319.
- Ring, Peter S.; Van de Ven, Andrew H. (1994). « Developmental processes of cooperative interorganizational relationships », Academy of Management Review, Vol. 19, N° 1, p. 90-118.
- Steensma, Kevin H.; Lyles, Marjorie A. (2000). « Explaining international joint venture survival in transitional economy through social exchange and knowledge-based perspectives », Strategic Management Journal, Vol., 21, N° 8, p. 831-851.
- Valdés-Llaneza, Ana; Garcia-Canal, Esteban (2006). « Direct competition, number of partners and the longevity of stakes in joint ventures », Management International Review, Vol. 46, N° 3, p. 307-326.
- Xu, Dean; Lu, Jane W. (2007). « Technological knowledge, product relatedness and parent control : The effect on IJV survival », Journal of Business Research, Vol. 60, N° 11, p. 1166-1176.