Abstract
The preferred models of overseas outward investment in cooperative ventures were analyzed for 340 small and midsized manufacturing firms in a newly industrialized country (NIC), the Republic of Korea. Firms were examined as sources of investment capital, knowledge, or technology, and locational differences in the methods by which these firms exploit their competitive strengths were addressed. The analysis suggested that firms in the sample have strategic concerns that are different from those of the large multinational companies (MNC) usually studied in this type of research. Current models of the international firm and of cooperative ventures were shown to have a strong situational component and limited application to a sample of firms that are not large MNCs. The transaction cost perspective, as expressed in such concepts as the internationalization model, was least applicable in its standard form, and the organizational learning perspective fared better.
Document Type
Article
Publication Date
1990
Publisher Statement
Copyright Betriebswirtschaftlicher Verlag Fourth Quarter 1990
Recommended Citation
Tallman, Stephen B. and Oded Shenkar,"International Cooperative Venture Strategies: Outward Investment and Small Firms from NICs," Management International Review, 30(4), 1990, 299-315.
Included in
Business Administration, Management, and Operations Commons, International Business Commons
