Title

Do multiple parents help or hinder international joint venture performance? The mediating roles of contract completeness and partner cooperation

Document Type

Journal article

Source Publication

Strategic Management Journal

Publication Date

10-1-2007

Volume

28

Issue

10

First Page

1021

Last Page

1034

Keywords

Contract completeness, Joint venture performance, Mediation, Number of parents, Partner cooperation, Transaction cost economics

Abstract

We develop a mediation model in which the number of partners in a joint venture affects venture performance through contract completeness and partner cooperation. In a sample of 224 international joint ventures, we find that the number of partners is negatively related to venture contract completeness and partner cooperation, both of which are positively related to joint venture performance. The number of partners is inversely related to joint venture performance and the relationship is mediated by contract completeness and partner cooperation. We discuss theoretical and managerial implications for joint venture research and practice.

DOI

10.1002/smj.626

Print ISSN

01432095

E-ISSN

10970266

Publisher Statement

Copyright © 2007 John Wiley & Sons, Ltd

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Full-text Version

Publisher’s Version

Recommended Citation

Gong, Y., Shenkar, O., Luo, Y., & Nyaw, M.-K. (2007). Do multiple parents help or hinder international joint venture performance? The mediating roles of contract completeness and partner cooperation. Strategic Management Journal, 28(10), 1021-1034. doi: 10.1002/smj.626