Exploring the Relationship Between Decision and Ownership Rights in Joint Ventures

Windsperger, Josef; Kocsis, Éva; Rosta, Miklós

doi:10.2753/imo0020-8825390403

Cited by 9 publications

(4 citation statements)

References 46 publications

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“…When dealing with different modes of governance simultaneously, a party might benefit directly from the experience of outsiders. For example, franchisors with independent franchisees often organize periodic meetings or seminars, participate in professional organizations, and so on, in which franchisees share their experience, but also in which franchisor benefits in internalizing the positive aspects of these experiences into his own outlets (Saes et al ., ; see also Windsperger et al ., ). Positive externalities can be expected from varying modes of organization for similar transactions.…”

Section: Existing Explanationsmentioning

confidence: 99%

Plural Forms of Organization: Where Do We Stand?

Ménard

2012

Manage Decis Econ

101

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This paper addresses a puzzling problem: why do parties often choose to combine alternative modes of organizations simultaneously while dealing with identical or almost identical transactions? I propose a model to capture these so‐called ‘plural forms’ and to explain the choice of such non‐standard arrangements. Three determinants are identified as playing the major role: ambiguity surrounding the fitness of a mode of organization to the transaction at stake; complexity of a transaction or a set of transactions; and strategic behavior. Propositions are derived that are confronted to empirical data coming out of the agro‐food industry. Copyright © 2012 John Wiley & Sons, Ltd.

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Section: Existing Explanationsmentioning

confidence: 99%

Plural Forms of Organization: Where Do We Stand?

Ménard

2012

Manage Decis Econ

101

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“…Bargaining power is a dyadic level factor that is influenced by market regulations (Gomes‐Casseres, ), the importance of IJV for partner firms (Yan & Gray, ), interdependence between partners (Kumar & Seth, ) and availability of other firm for collaboration (Yan & Gray, , ). Technological know‐how and management skills possessed by foreign partner boost their bargaining power (Nakamura, ; Windsperger, Kocsis, & Rosta, ) whereas domestic partner's operational and strategic role in navigating IJV through target market challenges provides it significant bargaining power. Bargaining power is a relative concept in IJV is considered to shape the IJV relationship.…”

Section: Literature Reviewmentioning

confidence: 99%

Factors affecting the choice of interaction after the international joint venture termination in Africa: Total interpretive structural modeling

Parameswar

Dhir

2019

Strategic Change

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The choice of interaction after the international joint venture (IJV) termination is influenced by different factors in varying levels that can be hierarchically depicted. On IJV termination, parent firms are deprived of value created during IJV. Parent firms can attempt to create a whole or part of the value created during IJV through an interaction post IJV termination. This study attempts to identify factors that influence the choice of interaction post IJV termination and categorize them hierarchically based on their magnitude of influence. This study examines the factors that influence the decision to interact post IJV termination by developing a total interpretive structural model (TISM) using data collected from managers of terminated IJV in Africa.

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“…Traditionally, in JV agreements control in terms of ownership and decision rights is shared between the franchisor and local JV partner (Windsperger et al , 2009). Sixt and Europcar both have objections toward entering into JV agreements and allocating own financial resources and know-how.…”

Section: Case Study Findingsmentioning

confidence: 99%

Determinants of the governance structure of the international franchise firm

Jell‐Ojobor

Windsperger

2017

IMR

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Purpose The governance structure of international franchise firms varies from higher control modes, such as wholly owned subsidiaries and joint venture franchising, to lower control modes, such as area development and master franchising. Based on organizational economics, strategic management, and international business perspectives, the purpose of this paper is to use the case study analysis to empirically evaluate an integrative model on the franchisor’s choice of international governance modes. Design/methodology/approach The study applies qualitative methods, such as in-depth case analysis, to investigate a large set of variables that influence the governance structure decision of the international franchise firm. Specifically, it applies a theory-testing case study with two major competitors in the European automotive rental industry, i.e. Europcar and Sixt. Theory-testing case research is justified by the lack of explanatory research due to the complexity of the franchisor-franchisee relationship phenomena, such as the factors that influence the franchisor’s choice of international governance modes. The investigation of the complex governance structure phenomenon requires a holistic analysis. Findings The case study shows that environmental, behavioral, transaction-specific, resource-based (system-specific, market-specific, financial resources), and international strategy considerations are important determinants of the governance mode decision of the international franchise firm. Research limitations/implications The study responds to the recent call in organizational economics, marketing, strategic management, and international business literature to develop and test a multi-theoretical framework to explain the governance structure of inter-organizational networks, such as franchise networks. Originality/value Few previous studies in international franchising have used more than one theoretical perspective to explain the governance structure of the international franchise firm. This study contributes to the theory-testing case study literature by applying a rigorous method of conducting case research. This includes developing a theoretical framework and a systematic research design. A systematic research design requires a holistic analysis by investigating the international franchise governance modes from a variety of theoretical perspectives which are the organizational economics, strategic management, and the strategy-structure perspective.

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Exploring the Relationship Between Decision and Ownership Rights in Joint Ventures

Cited by 9 publications

References 46 publications

Plural Forms of Organization: Where Do We Stand?

Plural Forms of Organization: Where Do We Stand?

Factors affecting the choice of interaction after the international joint venture termination in Africa: Total interpretive structural modeling

Determinants of the governance structure of the international franchise firm

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