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The Decline of Emerging Economy Joint Ventures: The Case of India

机译：新兴经济合资企业的衰落：以印度为例

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摘要

Emerging economies such as India have become an increasingly important part of the global business landscape. Until recently, multinational corporations (MNCs) relied on joint ventures (JVs) with local companies to exploit these business opportunities. Lately, however, there has been a marked reduction in the formation of new JVs between MNCs and local companies. Moreover, many earlier JVs also are increasingly being terminated, often with great acrimony. This article highlights how "regulatory liberalization" of the business environment in India has played a big role, directly and indirectly, in driving this change. It also demonstrates how three other factors, namely "resource complementarity (or lack thereof) between partners," the "race to learn" between partners, and "returns to globalization to MNC partners" are affecting the formation of JVs in an increasingly liberalized environment.
机译：印度等新兴经济体已成为全球商业格局中越来越重要的部分。直到最近，跨国公司（MNC）仍依赖与当地公司的合资企业（JV）来利用这些商机。然而，最近，跨国公司与本地公司之间新合资企业的形成显着减少。此外，许多较早的合资企业也越来越多地被终止，往往引起很大争议。本文着重介绍了印度商业环境的“监管自由化”如何直接或间接地在推动这一变化中发挥了重要作用。它还说明了其他三个因素，即伙伴之间的“资源互补性（或缺乏）”，伙伴之间的“学习竞争”以及“全球化向跨国公司伙伴的回归”如何在日益自由化的环境中影响合资企业的形成。

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  • 来源
    《California management review》 |2006年第3期|p.62-76|共15页
  • 作者

    Prashant Kale; Jaideep Anand;

  • 作者单位

    Corporate Strategy and International Business at the Stephen M. Ross School of Business, University of Michigan;

  • 收录信息 美国《科学引文索引》(SCI);
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类 管理学;
  • 关键词

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