%0 Journal Article
%T Examining the Antecedents to Inter-partner Credible Threat in the International Joint Ventures
%A Lan-Ying Huang
%A Ying-Jiun Hsieh
%A Pei-Ling Hsiao
%J International Business Research
%D 2011
%I 
%R 10.5539/ibr.v5n1p49
%X Since the 1980s, international joint venture (IJV) becomes a strategic tool enabling firms to escape from operational risk and cost. However, the IJV represents a voluntary cooperative relationship between partners; it is prone to risk of opportunistic behavior by one or both partners in this relationship. Therefore, some characteristics of the IJV are unstable and difficult to manage. Essentially, the inter-partner credible threat entails the certainty of a firm¡¯s retaliation given its partner¡¯s earlier cheating. This study explores the antecedents to inter-partner credible threat. The study develops an integrative framework to explain how economic mechanisms, business expertise, and relationship mechanisms affect the partner¡¯s relative credible threat. The authors use 40 Taiwanese companies which engage in IJV activities as the sample and the returns-ratio is 12.41%. Evidence explores that the more in the investment size, technological capabilities and low dependency of the partner, this partner exerts more credible threat to the other partner.
%U http://www.ccsenet.org/journal/index.php/ibr/article/view/13846