International Joint Ventures (IJVs) combine the resources of local and foreign firms to create independent business entities that are able to avoid the risks of cross-border transactions and to gain access to new markets. Despite these advantages, the failure rate of IJVs is very high. This book...

The paper reviews what the prior literature has to say about the issues of conflict and cooperation during the life cycle of an international joint venture (IJV). The rules of the game are derived from an overview of the empirical IJVliterature. The timing and the order of the play show the...