Real Options in International Joint Ventures

By Jeffrey J. Reuer, Tony W. Tong. 2005

198 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/bb0ac8d0f58848a70b54e0c4aea88ad426984851

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Citations in the corpus

Flexibility versus commitment: MNEs’ ownership strategy in China (2010, unknown): “3 Several studies have suggested that JV contracts may not contain explicit option clauses (Reuer & Tong, 2005; Seth & Chi, 2005).”
International Joint Ventures and the Value of Growth Options (2008, background): “…growth options in theory, in practice their ongoing operation may entail nontrivial transaction costs that make it difficult to capture the value of the growth options latent in these ventures (Khanna & Palepu, 1997; Lyles & Salk, 1996; Peng, 2000, 2003; Reuer & Tong, 2005; Steensma & Lyles, 2000).”
Curvilinear relationship between cultural distance and equity participation: An empirical analysis of cross-border acquisitions (2011, background): “Thus, by opting for partial acquisitions, acquiring firms will avoid large commitments, protect themselves against both ex-ante and ex-post costs and follow a flexible strategy in order to hedge against environmental uncertainty (Reuer and Tong, 2005).”
The influence of R&D investment on the use of corporate venture capital: An industry-level analysis (2010, background): “Real options theory highlights the value of managers' flexibility in responding to evolving market or technological conditions (Reuer and Tong, 2005; Trigeorgis, 1996).”
The Many Futures of Contracts (2014, background): “…clauses are prevalent when ventures are related to core businesses, protection of intellectual property is weak, and political risks are lower (Reuer & Tong, 2005); minority ownership, noncore product-market focus, and location in developed countries are positively associated with the value…”
Real Options in Management and Organizational Strategy: A Review of Decision‐making and Performance Implications (2012, unknown): “More recently, Tong and Reuer (2005) examine the antecedents of explicit call options in JV agreements, suggesting that transaction cost considerations might dominate motives for growth when setting up cooperative deals.”
Beyond entry mode choice: Explaining the conversion of joint ventures into wholly owned subsidiaries in the People's Republic of China (2009, background): “Yet, despite its usefulness and its popularity among researchers, transaction cost theory has been criticized for omitting factors that may be relevant when deciding on the most appropriate mode of entry (e.g., Chi & McGuire, 1996; Gomes-Casseres, 1990; Kim & Hwang, 1992; Reuer & Tong, 2005).”
Performance of International Joint Ventures: What Factors Really Make a Difference and How? (2009, background): “Finally, real options theory (cf. Kogut, 1991; Reuer & Tong, 2005) may suggest another new approach to IJV survival by emphasizing the reasons for IJV termination.”