... of the IJV partners. Drawing on the transaction cost theory, the authors examine three key initial structural conditions: IJV formation mode, number of partners and IJV’s ownership structure. Design/methodology/approach The authors apply the “Event history analysis” technique to test the hypotheses using...

... economy: without such goods, firms cannot operate or will face transaction costs making it very difficult to operate (North, 1990 , 2005). In most developed economies, MNEs are typically able to operate in institutional environments characterized by adequate property rights protection and contract...

...Alain Verbeke; Liena Kano Purpose This paper seeks to demonstrate that internalization theory, as a “complete” theory of the firm, is particularly well equipped to analyze multinational enterprise (MNE) regional strategies, thanks to its joint transaction cost economics and resource‐based...