Abstract
Little has been reported on joint ventures between firms from newly industrialized countries and developing countries. This paper examines twelve characteristics of a sample of Korean firms with partners in developing countries (LDCs) and contrasts them with existing research where (a) developed country firms have linked with firms in other developed countries, and (b) developed country firms have linked with local firms in developing countries. As part of the analysis, ten hypotheses were formulated and tested.
Relative to previous findings on joint ventures from developed countries in LDCs, differences were found in terms of stability, venture creation rationale, satisfaction level with performance, and the relationship between control and performance and between ownership and control.
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*Chol Lee is an Assistant Professor at the College of Business, Hong Ik University, 72-1 Sangsu-Dong, Mapo-Ku, Seoul, Korea 121.
**Paul W. Beamish is the Royal Bank Professor in International Business, Western Business School, University of Western Ontario, London, Ontario, Canada N6A 3K7.
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Lee, C., Beamish, P. The Characteristics and Performance of Korean Joint Ventures in LDCS. J Int Bus Stud 26, 637–654 (1995). https://doi.org/10.1057/palgrave.jibs.8490190
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DOI: https://doi.org/10.1057/palgrave.jibs.8490190