Partners' resources are an important conceptual dimension of joint ventures (JVs), which may further expand our existing knowledge of determinants of equity control and partners' influence on JV strategy. This article builds on prior research by providing a comprehensive account of partners' resources in JVs and their impact on both ownership composition and partners' relative influence on JV strategy. Our findings provide relatively strong support to the resource-based explanation of strategic alliances in emerging markets and indicate the further utility of a knowledge-management perspective.
- international joint ventures
- equity ownership