The utilization of international joint ventures by United States firms in high technology industries
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Abstract
Although international joint ventures have been widely studied for many years, very little is known about such alliances as used by high technology firms based in the United States. Therefore, this study surveys 9 U.S. high technology firms regarding 14 of their international joint ventures. The rationale for these alliances, the control of key resources, and the successfulness of high tech international joint ventures are explored. Based on this preliminary study, it appears that these operations, if established with a trustworthy partner, can be successful while requiring only minimal transaction costs and minimal control efforts.