Konara, Palitha; Stone, Zita; Mohr, Alex - In: International Marketing Review 37 (2020) 6, pp. 1121-1153
Purpose: The authors combine options logic with transaction cost economics to explain why firms maintain, divest or buy out their international joint ventures (IJVs). It is suggested that a decline in environmental risk and higher partner-related risk makes a firm more likely to acquire an IJV...