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BOARD REPRESENTATION IN INTERNATIONAL JOINT VENTURES

机译:国际合资企业中的董事会代表

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摘要

Relatively little attention has been paid to boards in international joint ventures (IJVs), and the composition of these boards in particular. We examine the determinants of foreign partners' representation on IJV boards in order to advance our knowledge of this facet of IJV governance. We argue that a foreign partner's representation on the IJV board is related to its equity contribution. However, we hypothesize that this relationship is moderated by IJV and host country characteristics that affect the importance of the internal and external roles IJV boards serve. These results provide insights into the conditions under which a partner might wish to secure greater board representation for its level of equity, or utilize less board representation than might be suggested by its equity level alone.
机译:相对很少关注国际合资企业(IJV)中的董事会,尤其是这些董事会的组成。我们研究了外国合作伙伴在合资企业董事会中代表权的决定因素,以增进我们对合资企业治理这一方面的认识。我们认为,外国合伙人在合资企业董事会中的代表权与其股权出资有关。但是,我们假设这种关系受到合资企业和东道国特征的影响,这些特征影响了合资企业董事会所发挥的内部和外部作用的重要性。这些结果提供了对合伙人可能希望获得比其单独股权水平所建议的更高的董事会席位或使用更少的董事会席位的条件的见解。

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