Developed market partner’s relative control and the termination likelihood of an international joint venture in an emerging market

An increasing number of multinational firms from the developed markets (DMs) are seeking rapid expansion into emerging markets (EMs), such as India and China, through international joint ventures with EM firms (E-IJVs). However, nearly half of these joint ventures get terminated unexpectedly within five years of their formation. As E-IJV terminations cause disruptions to the strategy and performance of the partner firms, it is critical to...