Wielding a double-edged sword? JV investment geographic diversity and parent's innovation.

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Date: Aug. 2022
From: Review of Managerial Science(Vol. 16, Issue 6)
Publisher: Springer
Document Type: Report; Brief article
Length: 147 words

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Abstract :

Keywords: Joint venture; Investment diversity; Available slack; Experience; Innovation Abstract With the growing importance of international efforts, joint ventures (JVs) have received increasing attention from academics and practitioners. Drawing on the JV literature, this study asserts that a parent company's JV investment geographic diversity is critical to understanding global investment diversity and a firm's subsequent innovativeness. From an analysis of 472 parent companies for a 10-year period and 2734 firm-year observations, the study identifies an inverse U-shaped relationship between JV investment geographic diversity and a parent company's innovativeness. The moderating roles of JV experience and available slack are found to strengthen such relationships. These findings support our predictions. Author Affiliation: (1) Department of Management and Information, National Open University, 172, Chung-Cheng Road, Lu-Chow District, 247, New Taipei City, Taiwan, ROC (b) jylin@mail.nou.edu.tw Article History: Registration Date: 08/16/2021 Received Date: 10/14/2020 Accepted Date: 08/16/2021 Online Date: 09/02/2021 Byline:

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Gale Document Number: GALE|A710860517