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Excerpt from The Impact of Joint Venture Formation Strategies on the Market Value of Firms: An Assessment in the Information Technology Sector
Joint ventures have received research attention with differing perspectives, but this research stream can be categorized along two dimensions: (a) the dominant theoretical perspective, i.e., either strategic behavior perspective or transaction cost perspective; and (b) the research focus, i.e., whether the focus is on the motives for the formation of joint ventures or on their effectiveness. The four types of studies shown in Figure 1 illustrate the major research questions and the underlying theoretical arguments.
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