Exploring International Joint Ventures

Henry Boateng; Stanley Cofie; Robert E. Hinson; John Paul Kosiba

doi:10.1007/978-3-031-37675-7_6

Exploring International Joint Ventures

Henry Boateng, Stanley Cofie, Robert E. Hinson, John Paul Kosiba

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

This study explores reasons domestic firms decide to enter into joint venture with foreign firms and the forms of resources domestic firms obtain from their foreign partners. In order to address these objectives, we conducted in-depth interviews with nine managers/CEOs of firms in Ghana that are currently in joint venture with foreign firms. We used a thematic analysis technique to analyse the data. Our results show that the social capital theory explains joint venture relationship. Firms in joint venture access resources via social relations and social structures. The results also show that although the home firms enter into joint venture with foreign firms in order to access financial resources and for foreign firms to reaffirm their credibility, home firms are able to access knowledge and new market once they enter into joint venture.

Original language	English
Title of host publication	Small Business and Entrepreneurial Development in Africa
Subtitle of host publication	A Route to Sustained Economic Development
Publisher	Springer Nature
Pages	125-145
Number of pages	21
ISBN (Electronic)	9783031376757
ISBN (Print)	9783031376740
DOIs	https://doi.org/10.1007/978-3-031-37675-7_6
Publication status	Published - 1 Jan 2023
Externally published	Yes

Keywords

Ghana
Joint venture
Knowledge transfer
Relational capital
Social capital
Structural capital

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10.1007/978-3-031-37675-7_6

Cite this

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AU - Cofie, Stanley

AU - Hinson, Robert E.

AU - Kosiba, John Paul

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AB - This study explores reasons domestic firms decide to enter into joint venture with foreign firms and the forms of resources domestic firms obtain from their foreign partners. In order to address these objectives, we conducted in-depth interviews with nine managers/CEOs of firms in Ghana that are currently in joint venture with foreign firms. We used a thematic analysis technique to analyse the data. Our results show that the social capital theory explains joint venture relationship. Firms in joint venture access resources via social relations and social structures. The results also show that although the home firms enter into joint venture with foreign firms in order to access financial resources and for foreign firms to reaffirm their credibility, home firms are able to access knowledge and new market once they enter into joint venture.

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KW - Social capital

KW - Structural capital

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Exploring International Joint Ventures

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