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Transaction cost theory posits that culture plays a limited role in the choice between JV and WOS. In contrast, research suggests that firms' preferred level of ownership in their foreign subsidiaries is influenced primarily by cultural traits. This study provides additional evidence in this...
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contract completeness and partner cooperation. In a sample of 224 international joint ventures, we find that the number of … partners is negatively related to venture contract completeness and partner cooperation, both of which are positively related … relationship is mediated by contract completeness and partner cooperation. We discuss theoretical and managerial implications for …
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