Effectiveness of Dyadic and Multi-Party Joint Ventures
基于80个合资企业数据，比较关系投资与正式控制对合资企业有效性的影响，发现效果取决于合作伙伴数量：关系投资对双边合资企业有效，正式控制对多边合资企业关键。
Using data from 80 joint-venture (JV) experiences, this article compares the influence on JV effectiveness of two alternative ways of management: relational investment and formal control. Our results show that the adoption of one or another is contingent upon the number of partners: while relational investment significantly influences the effectiveness of dyadic JVs, formal control is pivotal in the case of multi-party JVs.