This paper compares the perspectives of transaction costs and strategic behavior in explaining the motivation to joint venture. In addition, a theory of joint ventures as an instrument of organizational learning is proposed and developed. Existing studies of joint ventures are examined in light of these theories. Data on the sectoral distribution and stability of joint ventures are presented.
No takes yet. Share an insight, caveat, or question.
Bruce Kogut (1988) studied this question.
Synapse has enriched one closely related paper. Consider it for comparative context: