Interactive effects of information exchange, relationship capital and environmental uncertainty on international joint venture (IJV) performance: an emerging markets perspective
Article
Kwok, F., Sharma, P., Gaur, S. and 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). https://doi.org/10.1016/j.ibusrev.2018.02.008
Type | Article |
---|---|
Title | Interactive effects of information exchange, relationship capital and environmental uncertainty on international joint venture (IJV) performance: an emerging markets perspective |
Authors | Kwok, F., Sharma, P., Gaur, S. and Ueno, A. |
Abstract | Prior research on the role of international joint Ventures (IJV) in the emerging markets generally ignores the impact on information exchange on IJV performance as well as the mediating role of relationship capital (a key measure of competitive dynamics and co-evolution) and the moderating impact of environmental uncertainty in this process. This paper addresses these important research gaps by exploring the direct effect of information exchange on IJV performance as well as indirect (mediated) effect through mutual trust and reciprocal commitment, two key components of relationship capital. In addition, this paper investigates the role of environmental uncertainty as a moderator of these mediating effects. Results from a study of 205 contractual IJVs in China, a highly competitive and dynamic emerging market, show that foreign and local partners collaborate and co-evolve through regular information exchange that helps them build relationship capital with each other in the form of mutual trust and reciprocal commitment, which in turn leads to better IJV performance. In addition, environmental uncertainty negatively moderates (weakens) the positive effects of information exchange on mutual trust and reciprocal commitment but not their impact on IJV performance. The authors discuss the implications of these findings for future research on the role of relationship capital in the successful formation and management of IJVs in the emerging markets. |
Keywords | Contractual; Environmental uncertainty; Information exchange; International; Joint venture; Mutual trust; Reciprocal commitment; Relationship capital |
Publisher | Elsevier |
Journal | International Business Review |
ISSN | 0969-5931 |
Electronic | 1873-6149 |
Publication dates | |
Online | 01 Mar 2018 |
Oct 2019 | |
Publication process dates | |
Deposited | 28 Feb 2018 |
Accepted | 23 Feb 2018 |
Submitted | 01 Mar 2017 |
Output status | Published |
Accepted author manuscript | License File Access Level Open |
Copyright Statement | © 2018. This author's accepted manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/ |
Digital Object Identifier (DOI) | https://doi.org/10.1016/j.ibusrev.2018.02.008 |
Web of Science identifier | WOS:000486111000010 |
Language | English |
https://repository.mdx.ac.uk/item/877y8
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