Exploring instances of deviation in joint ventures between partners' equity share and board representation

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dc.contributor.authorVelez-Calle, Andres
dc.date.accessioned2021-01-28T14:39:54Z
dc.date.available2021-01-28T14:39:54Z
dc.date.issued2020-01-13
dc.description.abstractPurpose: To date, there has been little research about the degree of correspondence between partner equity ownership and partner representation on boards of joint ventures (JVs). It is generally assumed that partners’ share equals board representation in percentage. This paper aims to explore various instances of deviation from the above norm. Design/methodology/approach: Using a unique database of 259 JV contracts extracted from the US Securities and Exchange Commission, and by drawing from resource dependency and transaction cost theories, this manuscript explores the factors that increase or decrease the deviation between equity share and board representation. Findings: The results show that international JVs (IJVs) tend to deviate more, while JVs with a deadlock clause, a large board and based in a stable country deviate less from the degree of correspondence between equity share and board representation. Originality/value: This study contributes to the alliance and governance literatures by identifying factors that influence the degree of correspondence between partner investment (equity share) and control through board of director representation. © 2019, Emerald Publishing Limited.eng
dc.identifierhttps://eafit.fundanetsuite.com/Publicaciones/ProdCientif/PublicacionFrw.aspx?id=11550
dc.identifierhttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85074022917&doi=10.1108%2fIJOA-11-2018-1598&partnerID=40&md5=89947faefa6034f2d5cc066b776a6446
dc.identifier.doi10.1108/IJOA-11-2018-1598
dc.identifier.issn1758-8561
dc.identifier.issn19348835
dc.identifier.otherWOS;000506390300013
dc.identifier.otherSCOPUS;2-s2.0-85074022917
dc.identifier.urihttp://hdl.handle.net/10784/25051
dc.language.isoengeng
dc.publisherEmerald Group Publishing Ltd.
dc.rightshttps://v2.sherpa.ac.uk/id/publication/issn/1934-8835
dc.sourceInternational Journal of Organizational Analysis
dc.subject.keywordAlliance governanceeng
dc.subject.keywordJoint venture boardseng
dc.subject.keywordJoint venture controleng
dc.subject.keywordJoint venture equity shareeng
dc.subject.keywordJoint ventureseng
dc.titleExploring instances of deviation in joint ventures between partners' equity share and board representationeng
dc.typeinfo:eu-repo/semantics/articleeng
dc.typearticleeng
dc.typeinfo:eu-repo/semantics/publishedVersioneng
dc.typepublishedVersioneng
dc.type.localArtículospa

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