The paper studies the applicability of game theory to the last period of an international joint venture life cycle. Since the past three decades were marked by the prosperity of multinational enterprises, IJVs are coming more and more in a mature stage. The termination of a cross-border business...

In an international joint venture, two parent companies in two countries called the local and the foreign firm found a new enterprise or form a third player – the IJV-management or the board of directors of the IJV. The triangle structure of this particular enterprise creates a special...