Previous research suggests that international joint ventures (IJVs) are inherently unstable and fragile. This view has failed, however, to explain why many IJVs have an extended longevity and stability. This paper draws on two contrasting perspectives from organization theory (structural...

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...