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2013
- handle: 10670/1.wy9vdg
- halshs: halshs-00796897
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Businesses Firms Companies Enterprises Business organizations Organizations, BusinessCiter ce document
Antonio Majocchi et al., « Joint ventures or non equity-alliances? Evidence from Italian firms », HAL-SHS : droit et gestion, ID : 10670/1.wy9vdg
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Résumé
This paper investigates the factors affecting the choice between joint ventures and non-equity alliances, when firms enter foreign markets. The authors compiled a database of Italian firms with 879 observations to test possible effects of firm specific characteristics, host country institutional characteristics and cultural distance on alliance mode choice. Using both transaction cost analysis and the resource based view, their findings demonstrate the crucial role played by firm size as well as by institutional and political features of host countries. The results concerning the role of functional activities involved and the industrial sector are mixed. Overall, the analysis shows that it is necessary to develop a more integrated approach to understand this complex choice made by firms when expanding abroad.