Abstract
This paper conducts an in-depth critique of previous research on international joint venture instability by pointing out its major limitations: lack of clear conceptualizations and consistent operationalizations, lack of clarity in the relationship with performance, static focus on the eventual destination rather than developmental processes, and lack of managerial relevance. To overcome these deficiencies, we propose a significant reconceptualization in which instability is defined as a neutral, dynamic, process-based, and multifaceted phenomenon. Directions for future research are provided.
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*Aimin Yan (Ph.D. Pennsylvania State University) is Associate Professor in the School of Management of Boston University. His research has focused on organizational theory/design issues in international strategic alliances, particularly, governance structures, formal and informal control mechanisms, performance/organizational effectiveness, and change and development in international joint ventures.
**Ming Zeng (Ph.D. University of Illinois) is Assistant Professor of Asian Business at INSEAD. His research focuses on the evolution of international joint ventures and the dynamics of foreign direct investment.
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Yan, A., Zeng, M. International Joint Venture Instability: A Critique of Previous Research, A Reconceptualization, and Directions for Future Research. J Int Bus Stud 30, 397–414 (1999). https://doi.org/10.1057/palgrave.jibs.8490076
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DOI: https://doi.org/10.1057/palgrave.jibs.8490076