Growth and Survival of International Joint Ventures: An External-Internal Legitimacy Perspective
基于291家中日合资企业样本，研究发现中方母公司年龄和规模、合资企业与任一母公司的行业相关性促进其成长与生存，但与双方均相关则不利，凸显了获取外部与内部合法性的重要性。
The authors examine the growth and survival of international joint ventures (IJVs) from a legitimacy perspective. In a sample of 291 Sino-Japanese joint ventures in China, they found that Chinese parent age, Chinese parent size, and IJV industry relatedness to either parent had a positive effect on IJV growth and/or survival. However, IJV industry relatedness to both parents led to lower rates of IJV growth and survival. The findings highlight the importance for IJVs to obtain both external and internal legitimacy, as well as the difficulties IJVs face in acquiring internal legitimacy from both parents simultaneously.