Effectiveness of Dyadic and Multi-Party Joint Ventures

2003152 citationsJournal Article

Authors

Esteban García Canal · Universidad de Oviedo

Ana Valdés Llaneza · Universidad de Oviedo

Abstract

Using data from 80 joint-venture (JV) experiences, this article compares the influence on JV effectiveness of two alternative ways of management: relational investment and formal control. Our results show that the adoption of one or another is contingent upon the number of partners: while relational investment significantly influences the effectiveness of dyadic JVs, formal control is pivotal in the case of multi-party JVs.

Topics & Keywords

Private Equity and Venture Capital Corporate Finance and Governance Entrepreneurship Studies and Influences

UN Sustainable Development Goals

Partnerships for the goals

Publication Details

Published in: Organization Studies

Volume 24, Issue 5, pp. 743-770

DOI: 10.1177/0170840603024005004

Field-Weighted Citation Impact: 9.72