Knowledge Creation in International Joint Ventures in Emerging Economies

Performance and Opportunities

Publikation: Konferencebidrag uden forlag/tidsskriftKonferenceabstrakt til konferenceForskningpeer review

Resumé

Entering and developing presence in emerging economies often require foreign firms to set up International Joint Ventures (IJVs) with local partners, especially when the prime motive of the operation is to capture opportunities in the local markets (Mohr & Puck, 2005). IJVs have therefore become an important way for firms to enter these markets and a significant force in shaping a firm’s global strategy in expanding international activities abroad. However, research has shown that IJVs in emerging economies are unstable, and firms have experienced that performance of their IJVs in these emerging economies often does not meet their expectations (Fang & Zou, 2010). Extant research has shown that, in general, management of IJVs appears to be a difficult issue. 60-70% of all partnerships are not successful (Lambe, Spekman, & Hunt, 2002). Inter-partner learning has been proposed in the literature as a major cause of IJV instability (S. H. Park & Ungson, 1997). Yet current research indicates that when IJV partners engage in joint learning to create new IJV-specific knowledge that benefits both partners it stabilizes and sustains the IJV (Fang & Zou, 2010). For instance, Fang and Zou (2010) have demonstrated that creation of new IJV-specific knowledge can be imperative to performance while Pak, Ra, and Lee (2015) demonstrated that IJV parents can become beneficiaries of collaborative sensing and seize the market opportunities (Johanson & Vahlne, 2006). However, inter-organizational knowledge creation processes in IJVs have rarely been examined (Pak et al., 2015) especially not in the context of IJVs in emerging economies. This paucity of studies concerning knowledge creation and inter-organizational learning in IJVs have been noted at a critical research gap in the literature (J.-Y. Park, Ha, & Lew, 2015). The purpose of the paper is thus to investigate the antecedents to the superior performance of IJVs in emerging economies by identifying conditions that enable knowledge creation processes.
OriginalsprogEngelsk
Publikationsdato7. okt. 2016
Antal sider6
StatusUdgivet - 7. okt. 2016
Begivenhed42nd Annual Conference of the European International Business Academy - Vienna University of Economics and Business, Wien, Østrig
Varighed: 2. dec. 20164. dec. 2016
Konferencens nummer: 42
http://eiba.wien/

Konference

Konference42nd Annual Conference of the European International Business Academy
Nummer42
LokationVienna University of Economics and Business
LandØstrig
ByWien
Periode02/12/201604/12/2016
Internetadresse

Fingeraftryk

Emerging economies
Knowledge creation
International joint ventures
General management
Local markets
Global strategy
Foreign firms
Inter-organisational learning
Organizational knowledge

Citer dette

Nielsen, U. B. (2016). Knowledge Creation in International Joint Ventures in Emerging Economies: Performance and Opportunities . Abstract fra 42nd Annual Conference of the European International Business Academy, Wien, Østrig.
Nielsen, Ulrik B. . / Knowledge Creation in International Joint Ventures in Emerging Economies : Performance and Opportunities . Abstract fra 42nd Annual Conference of the European International Business Academy, Wien, Østrig.6 s.
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Nielsen, UB 2016, 'Knowledge Creation in International Joint Ventures in Emerging Economies: Performance and Opportunities ' 42nd Annual Conference of the European International Business Academy, Wien, Østrig, 02/12/2016 - 04/12/2016, .

Knowledge Creation in International Joint Ventures in Emerging Economies : Performance and Opportunities . / Nielsen, Ulrik B. .

2016. Abstract fra 42nd Annual Conference of the European International Business Academy, Wien, Østrig.

Publikation: Konferencebidrag uden forlag/tidsskriftKonferenceabstrakt til konferenceForskningpeer review

TY - ABST

T1 - Knowledge Creation in International Joint Ventures in Emerging Economies

T2 - Performance and Opportunities

AU - Nielsen, Ulrik B.

PY - 2016/10/7

Y1 - 2016/10/7

N2 - Entering and developing presence in emerging economies often require foreign firms to set up International Joint Ventures (IJVs) with local partners, especially when the prime motive of the operation is to capture opportunities in the local markets (Mohr & Puck, 2005). IJVs have therefore become an important way for firms to enter these markets and a significant force in shaping a firm’s global strategy in expanding international activities abroad. However, research has shown that IJVs in emerging economies are unstable, and firms have experienced that performance of their IJVs in these emerging economies often does not meet their expectations (Fang & Zou, 2010). Extant research has shown that, in general, management of IJVs appears to be a difficult issue. 60-70% of all partnerships are not successful (Lambe, Spekman, & Hunt, 2002). Inter-partner learning has been proposed in the literature as a major cause of IJV instability (S. H. Park & Ungson, 1997). Yet current research indicates that when IJV partners engage in joint learning to create new IJV-specific knowledge that benefits both partners it stabilizes and sustains the IJV (Fang & Zou, 2010). For instance, Fang and Zou (2010) have demonstrated that creation of new IJV-specific knowledge can be imperative to performance while Pak, Ra, and Lee (2015) demonstrated that IJV parents can become beneficiaries of collaborative sensing and seize the market opportunities (Johanson & Vahlne, 2006). However, inter-organizational knowledge creation processes in IJVs have rarely been examined (Pak et al., 2015) especially not in the context of IJVs in emerging economies. This paucity of studies concerning knowledge creation and inter-organizational learning in IJVs have been noted at a critical research gap in the literature (J.-Y. Park, Ha, & Lew, 2015). The purpose of the paper is thus to investigate the antecedents to the superior performance of IJVs in emerging economies by identifying conditions that enable knowledge creation processes.

AB - Entering and developing presence in emerging economies often require foreign firms to set up International Joint Ventures (IJVs) with local partners, especially when the prime motive of the operation is to capture opportunities in the local markets (Mohr & Puck, 2005). IJVs have therefore become an important way for firms to enter these markets and a significant force in shaping a firm’s global strategy in expanding international activities abroad. However, research has shown that IJVs in emerging economies are unstable, and firms have experienced that performance of their IJVs in these emerging economies often does not meet their expectations (Fang & Zou, 2010). Extant research has shown that, in general, management of IJVs appears to be a difficult issue. 60-70% of all partnerships are not successful (Lambe, Spekman, & Hunt, 2002). Inter-partner learning has been proposed in the literature as a major cause of IJV instability (S. H. Park & Ungson, 1997). Yet current research indicates that when IJV partners engage in joint learning to create new IJV-specific knowledge that benefits both partners it stabilizes and sustains the IJV (Fang & Zou, 2010). For instance, Fang and Zou (2010) have demonstrated that creation of new IJV-specific knowledge can be imperative to performance while Pak, Ra, and Lee (2015) demonstrated that IJV parents can become beneficiaries of collaborative sensing and seize the market opportunities (Johanson & Vahlne, 2006). However, inter-organizational knowledge creation processes in IJVs have rarely been examined (Pak et al., 2015) especially not in the context of IJVs in emerging economies. This paucity of studies concerning knowledge creation and inter-organizational learning in IJVs have been noted at a critical research gap in the literature (J.-Y. Park, Ha, & Lew, 2015). The purpose of the paper is thus to investigate the antecedents to the superior performance of IJVs in emerging economies by identifying conditions that enable knowledge creation processes.

M3 - Conference abstract for conference

ER -

Nielsen UB. Knowledge Creation in International Joint Ventures in Emerging Economies: Performance and Opportunities . 2016. Abstract fra 42nd Annual Conference of the European International Business Academy, Wien, Østrig.