Determinants of board roles in IJVs in china: Control and collaboration

Xuanli Xie, Jeffrey J. Reuer, Elko Klijn

Research output: Contribution to JournalReview articleAcademicpeer-review

Abstract

Despite the growing interest in IJVs and their governance, systematic research is limited on the board of directors and their roles in international joint ventures in emerging markets. In this study, we draw from corporate governance research that suggests that the levels of control and collaboration by boards are influenced by organizational complexity. While joint ventures possess several similarities compared to unitary firms, they also have unique sources of complexity given the fact that two or more international partners collaborate within JVs under an incomplete contract. Based on a sample of 114 IJVs, we argue and show four separate conditions that influence the functions that boards undertake as well as how control and collaboration as two separate functions are interrelated. Our findings address calls for research to open the black box of what boards actually do as well as to bring corporate governance theory to new organizational forms such as joint ventures.

Original languageEnglish
Pages (from-to)235-265
Number of pages31
JournalAdvances in International Management
Volume28
DOIs
Publication statusPublished - 2015

Keywords

  • Board of directors
  • Corporate governance
  • Emerging markets
  • International joint venture

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