Learning from Success & Failure: International Joint Ventures in Emerging Markets

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The purpose of the Ph.D. dissertation is to examine how do joint learning influence management of international joint ventures in emerging markets? Entering and developing presence in emerging markets 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. However, the performance of IJVs generally turns out to be quite poor whether measured in economic value added, parent organization’s satisfaction or survival. For instance, termination rates of IJVs are depicted as high in the literature, and some scholars have even demonstrated termination rates of IJVs varying between 30 – 70 %. Thus, management of IJVs, in general, appears to be a difficult issue, especially in emerging markets where firms experience that their IJVs often does not meet their expectations. Inter-partner learning has been proposed in the literature as a major cause of IJV instability. However, 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. Yet, joint learning in IJVs have rarely been examined in the context of IJVs in emerging markets. This paucity of studies concerning joint learning and knowledge creation in IJVs have been noted at a critical research gap in the literature.
Original languageEnglish
Publication date2017
Number of pages14
Publication statusPublished - 2017
Event14th Vaasa Conference on International Business - University of Vaasa, Vaasa, Finland
Duration: 23. Aug 201725. Aug 2017
Conference number: 14th


Conference14th Vaasa Conference on International Business
LocationUniversity of Vaasa
Internet address


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