Research notes and communications factors in the instability of international joint ventures: An event history analysis
采用事件史方法，分析美国跨国公司合资企业的不稳定性因素，发现股权不均和合同再谈判历史显著增加不稳定性，且开放经济体中更易发生再谈判。
Abstract This study uses Event History methodology to examine factors that may contribute to the instability of joint ventures between U.S. multinationals and foreign companies. Using joint venture contract renegotiation as a proxy for instability, it finds statistically significant support for hypotheses that joint ventures are more unstable when partners start out with uneven shares of equity and when the contracts have been renegotiated before. Contract renegotiation is also more likely in relatively open economies than in countries that impose restrictions on direct investment.