This paper analyzes the determinants of partial ownership of the foreign affiliates of U.S. multinational firms and, in particular, the marked decline in the use of joint ventures over the last 20 years. The evidence indicates that whole ownership is most common when firms coordinate integrated production activities across different locations, transfer technology, and benefit from worldwide tax...

This study extends research on entrepreneurial behavior by investigating the relationship between the marketing strategy innovativeness (MSI) and new product performance in technology-based new ventures in China. Specifically, premised on contingent resource-based view we argue that MSI is a firm capability that must be bundled with external managerial relationships and be deployed in the appro...

Collaborative ventures—both equity-based partnerships as well as project-based alliances—have dominated the international business scene over the past two decades. By means of this study we investigate the patterns of related and unrelated collaborative venture formation. Using a large database of over 90,000 collaborative ventures formed during the 1985–2001 period, this study clusters collabo...

Management and protection of proprietary intangible assets such as technology and management skills is important for firms considering international expansion via joint ventures. Joint venture partners have incentives to appropriate intangible property. Also many governments have instituted policies to help domestic firms maximise technology spillovers. Some require foreign firms interested in ...

Despite the increasing importance of faculty entrepreneurship to technology diffusion, wealth creation, and economic growth, we know little about the effects that academic faculty turned entrepreneurs have on the performance of new technology ventures. We argue faculty inventors select their most promising projects for commercialization. We further posit that star faculty founders have positive...