Effect of Control and Trust on International Joint Venture Performance
Iliev, Iliya (2018)
Kuvaus
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Tiivistelmä
The investigation of the factors affecting the performance of the international joint ventures (IJVs) has been widely popular study area among researchers. Perhaps, one of the reasons for this is the statistically very high failure rate of the IJVs. In that regard, most of the earlier literature argued that control and trust are two of those key factors affecting the IJV performance. However, often scholars concentrated only on examining those factors separately and only from a single partner company perspective. Therefore, in order to gain a more comprehensive understanding of the topic, this study focused on jointly investigating the effect of control and trust on the IJV performance by considering all partner companies’ points of view. The integrated research approach involved the examination of five study cases based on the Finnish company Wärtsilä IJVs in China.
From a theoretical point of view, this study took into account the earlier research findings explaining the concepts of control, trust and performance within the IJV settings. Their respective diverse dimensions and measurements have been also analysed and presented. Furthermore, the link between control, trust and performance in the IJV has been discussed as well.
From an empirical perspective, this research considered both objective and subjective determinants by considering multiple points of view. The data collection method involved semi-structured phone and face to face interview questions. The main results of the study suggested that all of the interviewed managers from both Finnish and Chinese side agreed that the link between the different dimensions and measurements of control, trust and performance in the IJV is positive, weather it is directly or indirectly achieved.
From a theoretical point of view, this study took into account the earlier research findings explaining the concepts of control, trust and performance within the IJV settings. Their respective diverse dimensions and measurements have been also analysed and presented. Furthermore, the link between control, trust and performance in the IJV has been discussed as well.
From an empirical perspective, this research considered both objective and subjective determinants by considering multiple points of view. The data collection method involved semi-structured phone and face to face interview questions. The main results of the study suggested that all of the interviewed managers from both Finnish and Chinese side agreed that the link between the different dimensions and measurements of control, trust and performance in the IJV is positive, weather it is directly or indirectly achieved.