In the context of the previous gaps in the joint venture literature, in this study we draw on resource-based theory (Barney, Ketchen & Wright, 2011) to provide evidence concerning two inter-related questions.
Several distinctive developments are identified in the report, of which three are highlighted in this article: the prevalence of the Limited Liability Company (LLC) as a legal form for organizing, using joint ventures to combine all business operations of separately owned partners and the strategy of spawning new businesses.
Taipei, July 5, 2011 (CENS) -- Fubon Financial Holding and Cathay Financial Holding have both forayed into China's fund management market by establishing joint ventures with Chinese partners, in order to tap the market's huge potential.
Hayes Lemmerz and Inci Holding A.S., Manisa, Turkey, one of the other two original joint venture partners in Juntas Aluminum Wheels, acquired the 35% interest in the joint venture previously held by Cromodora Wheels S.p.A.
Carter adds, "In particular, we would like to thank John Neu, the rest of the Hugo Neu team and the joint venture personnel remaining with Hugo Neu for their hard work in helping us build the many joint venture businesses.
Fortis, the Dutch-Belgian financial services giant, said the European Union granted final approval for a bancassurance joint venture in Portugal that Fortis said would be the market leader in that country for life insurance.