Despite the interest for instability in International joint ventures (IJVs) has significantly increased in the last decades, several limits still exist in literature. Previous literature has commonly seen instability in IJVs as negative force and antecedent of an inevitable failure of the organization. Moreover, its analysis has been mostly given with a static approach, concentrating only on the early stage or on the termination of the JV. By conducting an in-depth review on intragroup conflicts literature, we aim to give an overview of the whole dynamic process of IJV instability and show that, if well managed in presence of certain contingency variables, instability may even constitute a boost for the positive continuation of the venture. A critique to previous research and directions for future studies are also provided. In particular, we found that too little attention has been devoted to the role of boards of directors as ex-post dispute resolution mechanism, as well as possible hotbed of conflict exacerbation. We stress on the need to focus on the role of boards and we call future research to explore on how its composition affects the effectiveness of the JV to manage the conditions of instability.

IJV INSTABILITY AND THE ROLE OF BOARDS OF DIRECTORS: EX-POST DISPUTE RESOLUTION MECHANISM OR HOTBED OF CONFLICT EXACERBATION?

GARZONI, ANTONELLO
2017

Abstract

Despite the interest for instability in International joint ventures (IJVs) has significantly increased in the last decades, several limits still exist in literature. Previous literature has commonly seen instability in IJVs as negative force and antecedent of an inevitable failure of the organization. Moreover, its analysis has been mostly given with a static approach, concentrating only on the early stage or on the termination of the JV. By conducting an in-depth review on intragroup conflicts literature, we aim to give an overview of the whole dynamic process of IJV instability and show that, if well managed in presence of certain contingency variables, instability may even constitute a boost for the positive continuation of the venture. A critique to previous research and directions for future studies are also provided. In particular, we found that too little attention has been devoted to the role of boards of directors as ex-post dispute resolution mechanism, as well as possible hotbed of conflict exacerbation. We stress on the need to focus on the role of boards and we call future research to explore on how its composition affects the effectiveness of the JV to manage the conditions of instability.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/20.500.12572/1569
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