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International Joint Ventures and Dynamic Co-learning between MNEs and Local Firms

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The Rise of Multinationals from Emerging Economies

Part of the book series: The Academy of International Business ((AIB))

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Abstract

Forming an international joint venture (IJV) is a strategically important step that shapes a firm’s internationalisation process (Park and Ungson, 1997) and is a strategy intended to quickly achieve geographical diversification or organisational growth. Many IJVs have been created for partners to comply with local restrictions on foreign ownership in host economies. Although there are many other reasons, one agreed upon point regarding IJV creation is that IJV learning is essential for a firm’s sustainable growth in highly heterogeneous and competitive international markets (Bresman, Birkinshaw and Nobel, 1999; Hamel, 1991; Lane, Salk and Lyles, 2001).

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Authors
  1. Jeong-Yang Park
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  2. Yoo Jung Ha
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  3. Yong Kyu Lew
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Editor information

Editors and Affiliations

  1. University of Huddersfield, UK

    Palitha Konara

  2. University of York, UK

    Yoo Jung Ha

  3. University of Liverpool, UK

    Frank McDonald

  4. University of Leeds, UK

    Yingqi Wei

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© 2015 Jeong-Yang Park, Yoo Jung Ha and Yong Kyu Lew

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Park, JY., Ha, Y.J., Lew, Y.K. (2015). International Joint Ventures and Dynamic Co-learning between MNEs and Local Firms. In: Konara, P., Ha, Y.J., McDonald, F., Wei, Y. (eds) The Rise of Multinationals from Emerging Economies. The Academy of International Business. Palgrave Macmillan, London. https://doi.org/10.1057/9781137473110_12

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