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No D/385: More than two are a crowd. Different paths to effectiveness in dyadic and multi-party joint ventures

Esteban Garcia-Canal, Ana Valdes and Africa Ariño ()
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Esteban Garcia-Canal: Universidad de Oviedo
Ana Valdes: Universidad de Oviedo
Africa Ariño: IESE Business School, Postal: IESE, University of Navarra

Abstract: Using data from 87 joint venture (JV) experiences, we compared the effectiveness of dyadic and multi-party JVs. We show that dyadic JVs are more effective than multi-party ones, and that the conditions resulting in an enhanced effectiveness differ for the two groups: while relational embeddedness significantly influences the effectiveness of dyadic JVs, monitoring mechanisms are pivotal in the case of multi-party JVs.

Keywords: joint venture

21 pages, April 10, 1999

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