Performance determinants of Brazilians international joint ventures

Authors

  • Lianna Silva Camelo Universidade de Fortaleza
  • Sergio Henrique Arruda Cavalcante Forte Doutor em Administração - Fundação Getúlio Vargas Professor titular da Universidade de Fortaleza-UNIFOR desde 1996, lotado no Programa de Posgraduação em Administração (PPGA) e no Centro de Comunicação e Gestão (CCG) da UNIFOR.

DOI:

https://doi.org/10.5902/1983465930069

Abstract

Purpose – Investigate the Joint Venture International performance determinants’ relevance at each point of their life cycle.

Design/methodology/approach – Determinants already mapped in the literature were identified and grouped into three dimensions: internal, industrial and institutional. A questionnaire was developed and sent to academics and managers, which requested them to order the dimensions and determinants presented. Data was analyzed using Multi-Attribution Global Quality Inference (MAGIQ).

Findings - Results show that the dimensions’ relevance varies according to the organization’s stage in its life cycle. The internal dimension has more influence on performance during the startup period than the industrial and institutional dimensions, but this position is reversed when the IJV becomes mature.

Research limitations/implications (if applicable) – This study is based on specialists’ perceptions about IJV’s, so could be a gap between this perception and the facts that the organizational indicators can present.

Practical implications – Understanding IJV’s performance determinants’ relevance at each point of their life cycle can help manage these variables to create more efficient actions in accordance to the company’s needs.

Originality/value (mandatory) – this study frames performance determinants in the three proposed dimensions within strategic administration theories, ranks them and uses MAGIQ for data analysis.

Downloads

Author Biographies

Lianna Silva Camelo, Universidade de Fortaleza

Mestre em Administração - Universidade de Fortaleza

Especialista em Gestão de Pessoas - Fundação Getúlio Vargas

Psicóloga - Universidade Federal do Ceará

Sergio Henrique Arruda Cavalcante Forte, Doutor em Administração - Fundação Getúlio Vargas Professor titular da Universidade de Fortaleza-UNIFOR desde 1996, lotado no Programa de Posgraduação em Administração (PPGA) e no Centro de Comunicação e Gestão (CCG) da UNIFOR.

Graduado em Engenharia Civil pela Universidade Federal do Ceará (1982) e em Administração de Empresas pela Universidade Estadual do Ceará (1984). Mestre em Administração de Empresas pela Fundação Getulio Vargas - SP (1988) e Doutor em Administração de Empresas pela Fundação Getulio Vargas - SP (1995). Professor titular da Universidade de Fortaleza-UNIFOR desde 1996, lotado no Programa de Posgraduação em Administração (PPGA) e no Centro de Comunicação e Gestão (CCG) da UNIFOR.

References

Abdul-Rahman, H., Chen, W., Wood, L. C., & Ismail, S. (2014). International Joint Venture between ASEAN ang Gulf: bidding and delivering Bahrain International Formula-1 Circuit. Trames:A Journal of the Humanities and Social Sciences, 18(4), pp. 375-382. DOI: https://doi.org/10.3176/tr.2014.4.04

Acquaah, M. (2009). International joint venture partner origin, strategic choice, and performance: A comparative analysis in an emerging economy in Africa. Journal of International Management, 15(1), pp. 46-60. DOI: https://doi.org/10.1016/j.intman.2008.06.001

Ali, T. & Khalid, S. (2017). Trust-performance relationship in international joint ventures: the moderating roles of structural mechanisms. Journal of Business & Industrial Marketing, 32(7), pp. 962-973. DOI: https://doi.org/10.1108/JBIM-02-2017-0025

Almeida, L. F., & Machado Filho, C. P. (abr/mai/jun de 2013). Sharing competences in strategic alliances: a case study of the Cosan and Shell biofuel venture. Revista de Administração, 48(2), pp. 359-374. DOI: https://doi.org/10.5700/rausp1093

Bardin, L. (2011). Análise de Conteúdo (3ª reimp. da 1ª edição ed., Vol. 70). São Paulo: Edições 70.

Barney, J. B., & Hesterly, W. S. (23 de ago de 2014). Strategic Management and Competitive Advantage: Concepts and cases.

Barron, F., & Barret, B. (November de 1996). Decision Quality Using Ranked Attribute Weights. Management Science, 42(11), pp. 1515-1523. DOI: https://doi.org/10.1287/mnsc.42.11.1515

Baughn, C. C., Neupert, K. E., Anh, P. T., & Hang, N. T. (Mar de 2011). Social capital and human resource management in international. The International Journal of Human Resource Management, 22(5), pp. 1017-135. DOI: https://doi.org/10.1080/09585192.2011.556776

Bernardi, F. C. (2011). Estruturação e desenvolvimento de uma Joint Venture de maior competitividade: o caso de uma empresa gaúcha do setor metal-mecânico. Dissertação de Mestrado, Universidade de Caxias do Sul, Programa de Pós-Graduação em Administração, Caxias doSul.

Brüderl, J., Schüssler, R., & Maximilians, L. (Setembro de 1990). Organizational Mortality: The Liabilities of Newness and adolescence. Administrative Science Quarterly, 35(3), pp. 530-547. DOI: https://doi.org/10.2307/2393316

Campos, H. M., Parellada, F. S., Atondo, G. H., & Quintero, M. R. (abril de 2015). Strategic decision making, entrepreneurial orientation and performance: an organizational life cycle approach. Revista de Administração Faces Journal, 14(2), pp. 9-24.

Carvalho, F. (2002). Gestão do Conhecimento. São Paulo: Pearson.

Certo, S. C., Marcondes, R., & Cesar, A. R. (2005). Administração estratégica: planejamento e implantação da estratégia (2ª ed.). São Paulo: Pearson Education do Brasil.

Choi, C.-B., & Beamish, P. W. (2013). Resource complementary and international joint venture performance in Korea. Asia Pacific Journal of Management, 30(2), pp. 561-576. DOI: https://doi.org/10.1007/s10490-011-9258-4

Ding, D. Z. (1997). Control, Conflict, and Performance: A Study of U.S.-Chinese Joint Ventures. Jaurnal af International Marketing, 5(3), pp. 31-45. DOI: https://doi.org/10.1177/1069031X9700500304

Dume, P., & Frank, S. (26 de Agosto de 2014). Managing International joint ventures. London Business School Review, 26(1), pp. 52-53. DOI: https://doi.org/10.1111/2057-1615.12016

Garrido, E., Gomez, J., Maicas, J. P., & Orcos, R. (2014). The institution-based view of strategy: How to measure it. BRQ Business Research Quarterly (, 17(2), pp. 82-101. DOI: https://doi.org/10.1016/j.brq.2013.11.001

Godet, M. (2000). A caixa de ferramentas da prospectiva estratégica: problemas e métodos. Lisboa: CEPES.

Gomes, E. G., Mello, J. C., & Mangabeira, J. A. (Janeiro a abril de 2008). Índice multicritério de bem estar social rural em um município da região amazônica. Pesquisa Operacional, 28(1), pp. 141-160. DOI: https://doi.org/10.1590/S0101-74382008000100008

Gümüs, S., & Apak, S. (2011). Strategies of international growth in enterprises and strategic alliances. Procedia Social and Behavioral Sciences, 24, pp. 737-744. DOI: https://doi.org/10.1016/j.sbspro.2011.09.026

Hanks, S. H. (2015). The Organization Life Cycle: Integrating Content and Process. Journal of Small Business Strategy, 1(1), pp. 1-12.

Hek, P. A., & Mukherjee, A. (2011). Joint Venture Buy-Outs Under Uncertainty. The Journal of Industrial Economics, 59(1), pp. 155-176. DOI: https://doi.org/10.1111/j.1467-6451.2011.00449.x

Jerônimo, T. d., Melo, F. J., & Aquino, J. T. (2016). Análise da implementação do modelo multicritério de decisão: como o gestor observa a importância da decisão racional. Exacta, 14(2), pp. 319-334. DOI: https://doi.org/10.5585/exactaep.v14n3.6409

Kamoche, K., Siebers, L. Q., Mamman, A., Newenham-Kahindi, A., Gómez-Miranda, M. E., Pérez-López, M. C., ... & Rodríguez-Ariza, L. (2015). The impact of organizational culture on competitiveness, effectiveness and efficiency in Spanish-Moroccan international joint ventures. Personnel review, 44(3), pp. 364-387. DOI: https://doi.org/10.1108/PR-07-2013-0119

Kwok, F., Sharma, P., Gaur, S. S., & Ueno, A. (2019). Interactive effects of information exchange, relationship capital and environmental uncertainty on international joint venture (IJV) performance: An emerging markets perspective. International Business Review, 28(5), pp. 1-44. DOI: https://doi.org/10.1016/j.ibusrev.2018.02.008

Kwon, Y.-C. (2008). Antecedents and consequences of international joint venture partnerships: A social exchange perspective. International Business Review, 17(5), pp. 559-573. DOI: https://doi.org/10.1016/j.ibusrev.2008.07.002

Larimo, J. A. & Nguyen, H. L. (2015). International joint venture strategies and performance in the Baltic States. Baltic Journal of Management, 10(1), pp. 52-72. DOI: https://doi.org/10.1108/BJM-12-2013-0189

Lavie, D., Haunschild, P., & Khanna, P. (Dez de 2012). Organizational Differences, Relational Mechanisms, and Alliance Performance. Strategic Management Journal, pp. 1453-1479. DOI: https://doi.org/10.1002/smj.1987

Le, N. H. (2009). Do partner's differences affect International Joint Venture control and performance? Journal of International Business Research, 8(2), pp. 67-86. DOI: https://doi.org/10.5539/ibr.v2n1p3

Lee, K., Madanoglu, M., & Ko, J.-Y. (2013). Developing a competitive international service strategy:a case of International Joint Venture in the global service industry. Journal of Services Marketing, 27(3), pp. 245-255. DOI: https://doi.org/10.1108/08876041311330735

Lipovetsky, S. (2009). Comparison of a Dozen AHP Techniques for Global Vectors in Multiperson Decision Making and Complex Hierarchy. 10 th International Symposium on the Analytic Hierarchy Process, (pp. 1-15). Pittsburgh, EUA.

Li, X. & Sun, L. (2017). How do sub-national institutional constraints impact foreign firm performance? International Business Review, 26(3), pp. 555-565. DOI: https://doi.org/10.1016/j.ibusrev.2016.11.004

Mantecon, T., Song, K., & Luo, H. (2016). The Control and Performance of Joint Ventures. Financial Management, 45(2), pp. 431-465. DOI: https://doi.org/10.1111/fima.12100

Martins, G., & Theóphilo, C. (2016). Metodologia da investigação científica para ciências sociais aplicadas (3ª ed.). São Paulo: Atlas.

Mc Caffrey, J. D. (2009). Using the Multi-Attribute Global Inference of Quality (MAGIQ). Sixth International Conference on Information Technology: New Generations (pp. 738-742). Las Vegas: IEEE Computer Society. DOI: https://doi.org/10.1109/ITNG.2009.81

McCaffrey, D. J., & Koski, N. (outubro de 2006). Competitive analysis using MAGIG. MSDN Magazine, 21(11), pp. 35-39. DOI: https://doi.org/10.1109/MAES.2006.284360

Meschi, P.-X., & Riccio, E. L. (2008). Country risk, national cultural differences between partners and survival of international joint ventures in Brazil. International Business Review, 17(3), pp. 250-266. DOI: https://doi.org/10.1016/j.ibusrev.2007.11.001

Meschi, P.-X., & Wassmer, U. (2013). The effect of foreign partner network embeddedness on international joint venture failure: Evidence from European firms’ investments in emerging economies. International Business Review, 22(4), pp. 713-724. DOI: https://doi.org/10.1016/j.ibusrev.2012.11.003

Mohr, A., & Puck, J. (Abr de 2005). Managing Functional Diversity to Improve the Performance of International Joint Ventures. Long Range Planning, 38(2), pp. 163-182. DOI: https://doi.org/10.1016/j.lrp.2005.02.004

Ng, P. W.-K., Lau, C.-M., & Nyaw, M.-K. (2007). The effect of trust on international joint venture performance in China. Journal of International Management, 13(4), pp. 430-448. DOI: https://doi.org/10.1016/j.intman.2007.03.004

Nielsen, B. (junho de 2007). Determining international strategic alliance performance: A multidimensional approach. n International Business Review, 16(3), pp. 337-361. DOI: https://doi.org/10.1016/j.ibusrev.2007.02.004

Nogueira, C. A. (dezembro de 2014). A aplicabilidade do método MAGIQ no contexto das políticas públicas. Nota Técnica(57).

Peng, M. W., Sun, S. L., Pinkham, B., & Chen, H. (2009). The Institution-Based View as a Third Leg for a Strategy Tripod. Academy of Management Perspectives, 23(3), pp. 63-81. DOI: https://doi.org/10.5465/amp.2009.43479264

Park, C., Vertinsky, I., & Becerra, M. (2015). Transfers of tacit vs. explicit knowledge and performance in international joint ventures: The role of age. International Business Review, 24(1), 89-101. DOI: https://doi.org/10.1016/j.ibusrev.2014.06.004

Porter, M. E. (Janeiro de 2008). The five competitive forces that shape the strategy. Havard Business Review, 78-93.

Pothukuchi, V., Damanpour, F., Choi, J., Chen, C. C., & Park, S. H. (Segundo Quadrimestre de 2002). National and Organizational Culture Dijferences and International Joint Venture Performance. Journal of International Business Study, 33(2), pp. 243-265. DOI: https://doi.org/10.1057/palgrave.jibs.8491015

Ren, H., Gray, B., & Kim, K. (Jun de 2009). Performance of International Joint Ventures: What factors really make a difference and how? Journal of Management, 35(3), pp. 805-832. DOI: https://doi.org/10.1177/0149206308331165

Reus, T. H., & Rottig, D. (2009). Meta-analyses of International Joint Venture Performance Determinants. Management International Review, 49(5), pp. 607-640. DOI: https://doi.org/10.1007/s11575-009-0009-4

Schein, E. H. (2010). Organizacional culture and ledearship (3ª ed.). Estados Unidos, Estados Unidos: John Wiley & Sons.

Shah, K. U. (2015). Choice and control of international joint venture partners to improve corporate environmental performance. Journal of Cleaner Production, 89, pp. 32-40. DOI: https://doi.org/10.1016/j.jclepro.2014.10.090

Sirmon, D. G., & Lane, P. J. (Fev de 2004). A Model of Cultural Differences and International Alliance Performance. Journal of International Business Studies, 35(4), pp. 306-319. DOI: https://doi.org/10.1057/palgrave.jibs.8400089

Soekarno, S., & Azhari, D. A. (2009). Analysis of Financial Ratio to Distinguish Indonesia Joint Venture General Insurance Company Performance using Discriminant Analysis. The Asian Journal of Technology Management, 2(2), pp. 100-111.

Su, Z., Peng, M. W., & Xie, E. (2016). A Strategy Tripod Perspective on Knowledge Creation Capability. British Journal of Management,, 27, pp. 58–76. doi:10.1111/1467-8551.12097 DOI: https://doi.org/10.1111/1467-8551.12097

Tidd, J., & Bessant, J. (2015). Gestão da Inovação (5ª ed.). Porto Alegre: Bookman.

Trevizan, K. (07 de março de 2017). Brasil enfrenta pior crise já registrada poucos anos após um boom econômico. Acesso em 07 de agosto de 2017, disponível em G1: https://g1.globo.com/economia/noticia/brasil-enfrenta-pior-crise-ja-registrada-poucos-anos-apos-um-boom-economico.ghtml

Vares, H., Ghanbari Kivi, F., & Bannazadeh, M. J. (2020). Investigating the Interactive Effects of Information Exchange, Relationship Capital and Environmental Uncertainty on Joint Venture Performance (The Case Study: Oil, Gas and Petrochemical Industriy EPC Contractors). Journal of Business Management, 12(2), pp. 378-398.

Você S/A. (2015). As 150 melhores empresas para se trabalhar. Acesso em 19 de abril de 2016, disponível em Site da Você S/A: http://vocesa.uol.com.br/noticias/carreira/as-150-melhores-empresas-para-voce-trabalhar-2015.phtml

Wahab, S. A., Abdullah, H., Uli, J., & Rose, R. C. (2010). Age of Joint Venture, Inter-Firm Technology Transfer and Local Firms’ Performance. Asian Social Science, 6(2), pp. 28-37. DOI: https://doi.org/10.5539/ass.v6n2p28

Winckler, N. C., & Molinari, G. T. (2011). Competição, colaboração, cooperação e coopetição: revendo os conceitos em estratégias interorganizacionais. Revista ADMpg Gestão Estratégica, 4(1), pp. 1-12.

Xiaosong, Z., & Jinming, Z. (2011). Factors influencing International Joint Venture Performance in China. Annals EAS, 5, pp. 167-184.

Yoshino, M. Y., & Rangan, U. (1996). Alianças Estratégicas. São Paulo: Makron Books do Brasil Editora Ltda.

Zeybek, A. Y., O’Brien, M., & Griffith, D. A. (2003). Perceived cultural congruence’s influence on employed communication strategies and resultant performance: a transitional economy international joint venture illustration. International Business Review, 12(4), pp. 499-521. DOI: https://doi.org/10.1016/S0969-5931(03)00041-6

Zhao, Y., Li, Y., Lee, S. H., & Chen, L. B. (16 de Março de 2011). Entrepreneurial Orientation, Organizational Learning, and Performance: Evidence From China. Enptrepreneuship theory and practice, 35(2), pp. 293-317. DOI: https://doi.org/10.1111/j.1540-6520.2009.00359.x

Downloads

Published

2021-03-09

How to Cite

Camelo, L. S., & Forte, S. H. A. C. (2021). Performance determinants of Brazilians international joint ventures. Revista De Administração Da UFSM, 14(1), 1–21. https://doi.org/10.5902/1983465930069

Issue

Section

Articles

Most read articles by the same author(s)