• Title, Summary, Keyword: Joint Venture

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Partnership and Business Performance of International Joint Venture (국제합작투자의 파트너쉽과 사업성과)

  • Yo, Kyong-Chol
    • International Commerce and Information Review
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    • v.8 no.3
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    • pp.369-381
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    • 2006
  • This paper examined partnership and business performance of international joint venture. Based on the analysis of the sixty-three international joint venture cases, the following results were found. First, it was found that the partnership of commitment have a significant positive influences on the business performance of marketing and distribution sectors in international joint venture. Second, the partnership of complementarity have a significant positive influences on the business performance of marketing and distribution sectors in international joint venture. Third, the partnership of trust have a significant positive influences on the human resources efficiency of marketing sector in international joint venture.

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A Study on the Relationship among the characteristics of International Joint Venture Partners, Alliance Commitment, and Joint Venture Performance: Focusing on international joint ventures in China (국제합작기업 파트너 특성, 제휴몰입도, 그리고 합작기업성과의 관계에 대한 연구: 중국 소재 국제합작기업을 중심으로)

  • He, Ling;Kim, Kwangsoo;Lee, Kwang-Keun
    • International Area Studies Review
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    • v.22 no.1
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    • pp.79-99
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    • 2018
  • According to the literature, the studies on the effects of the characteristics of the international joint venture partners on joint venture performance are mainly focused on partial aspects of partners characteristics, and the studies that investigate a mediating effect of alliance commitment on the relationship between partners characteristics and joint venture performance are scarce. Hence, this research intends to identify comprehensive partners characteristics, including CEO leadership behaviors similarity, strategic similarity, resources similarity, and organizational similarity and examines their effects on alliance commitment and joint venture performance. The results reveal that CEO leadership behaviors similarity and organizational similarity have a positive influence on alliance commitment and joint venture performance, whereas strategic similarity and resources similarity have a negative influence on alliance commitment and joint venture performance. It is also found that alliance commitment affects joint venture performance positively and mediates the relationship between partners characteristics and joint venture performance. Based on these results, key conclusions and implications are discussed.

Successful Joint Venture Strategies Based on Data Mining (데이터마이닝 기법을 기반으로 한 성공적인 Joint Venture 전략)

  • Kim, Jin Hyung;Sohn, So Young
    • Journal of Korean Institute of Industrial Engineers
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    • v.33 no.4
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    • pp.424-429
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    • 2007
  • The purpose of this study is to propose types of joint venturesthat can increase the competitivenessof a company in the marketplace. We examine the characteristics of individual venture enterprises based on technology. We considered 16 TEA in order to categorize companies into four groups. Next, we used a multinomial logistic regression model to identify the significant characteristics of a venture company that successfully predicts group membership. Based on this information, we propose various forms of joint venture which complement each other and produce higher overall competence. Our study can provide important feedback information to academics, Policy-makers.

Promotion of the Overseas Biomass Plant Business for a Domestic Power Company (국내 발전기업의 해외 바이오매스 플랜트 사업진출 방향)

  • Kim, Yeongsang;Moon, Seungjae;Yoo, Hoseon
    • Plant Journal
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    • v.7 no.3
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    • pp.42-47
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    • 2011
  • One of domestic power generation companies, Korea East-West Power Corporation(EWP) had no performance in overseas business just two short years ago. However, EWP has accomplished breakthrough results with the profit of KRW 17.8 billion in 2010, only overseas business part. With overseas power plant growing fast, there is a possibility that EWP may face the limitation of sustainable growth with the current low income structure, which is mainly focused on commissioning and power plant management. Accordingly, this study was made on overseas biomass plant business participation plan through the establishment of joint venture. The characteristics of a joint venture establishment was searched, choosing business partner; the ideas of how to organize a joint venture was drawn, what the role of each partner in joint venture is, and what proper capital share is; and chose business field, considering changing global energy mix, renewable energy market scale, and growth prospects. Considering government policy for renewable energy vitalization and renewable energy market share, We chose the European union as a market to which our business entered.

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A Survey Study on Joint Venture & Use of School Facilities in Provincial Cities of Korea - Focused on Cheonan & Asan City - (지방(地方) 도시(都市)의 학교시설(學校施設) 복합화(複合化) 관련 설문조사(設問調査) 연구(硏究) - 천안시(天安市)와 아산시(牙山市)를 대상으로 -)

  • Shim, Young-Sub
    • Journal of the Korean Institute of Educational Facilities
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    • v.12 no.1
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    • pp.4-13
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    • 2005
  • The objective of this study is to understand the knowledge and awareness of local peoples regarding joint venture and use of school facilities in two regional cities of Choongnam province: Cheonan and Asan. The results of the survey will be used as the planning guidelines to facilitate in seeking the appropriate plans of joint venture and use of school facilities for the respective cities. The survey was taken by 724 people of the two cities that included teachers, students and residents, and the SAS Program was used to analyze the results. The results showed that only 8.15% of the surveyed opposed the joint venture and use of school facilities, and the most of them expected the schools will augment their roles as the central features of the community through the joint venture and use of school facilities. The residents of the two cities showed similarities in calling for quality school facilities that are reasonable distances from their homes and hoping for outstanding cultural as well as educational school facilities with swimming pools, gyms and auditoriums.

Legal Aspects of International Joint Ventures (합작투자계약(合作投資契約)에 관한 법적(法的) 문제(問題))

  • Park, Whon-Il
    • The Korean Research Institute of International Commerce and Law
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    • v.18
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    • pp.159-188
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    • 2002
  • International joint ventures are usually formed and managed by domestic companies and foreign investors for the common objectives. They offer an opportunity for each partner to benefit significantly from the comparative advantages of the other. Local partners bring knowledge of the domestic market; familiarity with government bureaucracies and regulations; understanding of local labor markets; and existing manufacturing facilities. Foreign partners can offer advanced process and product technologies, management know-how, and access to export markets. In Korea, joint ventures have been encouraged to usher in foreign investors with foreign currency capital badly needed during the IMF financial crisis. In the meantime, Korean laws and regulations with respect to joint ventures have been largely overhauled to promote foreign direct investment (FDI) both inbound and outbound. They include four types of FDI, i.e., acquisition of foreign stocks, provision of long-term loans, participation in joint operations like resources development, and establishment of foreign offices. From the legal point of view, the formal joint venture agreement must be an offspring of a series of tough negotiations between domestic and foreign partners. They usually stress the long-term relationship with the good will and dedication to each other, and restrict the free transfer of stocks. Both partners are earnestly interested in the ownership and management of the joint venture. So they keep a close eye on the articles of incorporation, changes of business environment, conflict resolution methods, transparency of accounting and other financial matters. When a multinational corporation (MNC) is involved in the joint venture, conflicts over management strategies, marketing and other issues take place more often than not between the MNC and local partners. We have to pay attention to joint ventures, particularly, in China and North Korea. As witnessed in other transition economies, China is eagerly bringing in foreign direct investments for the development of nation's economy. China encourages foreign investors to establish ordinary joint ventures, contractual joint ventures, solely invested foreign capital companies and jointly operated development companies with local partners. In North Korea, however, joint ventures have a different meaning like contractual joint ventures in China, in which North Korean partners have an initiative in the management. Rather, jointly operated companies or simply processing-for-wage companies are recommended in view of the unpredictable legal infrastructure in North Korea.

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A Study on the Effective Operation Model of Joint-Venture Contract - With a Focus on the Example of Domestic Construction Industry - (효율적인 공동도급 운영모델에 관한 연구 -국내 대규모 건축공사 사례를 중심으로-)

  • Suhr Myong Suk;Kim Moo Han
    • Korean Journal of Construction Engineering and Management
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    • v.3 no.3
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    • pp.103-111
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    • 2002
  • A joint venture approach to the marketing, organization, and execution of a project should be considered when the combined strengths of two or more entities result in a joint organization with unique credentials in a targeted business area. A joint venture is based on a complementary relationship: one party may lack one or more major elements needed for market penetration, such as technology, design-construct capabilities, geographic location, or financial strength; the other party should be able to compensate for these areas of weakness. The purpose of this study is that suggests the development direction of a joint venture, the proper organizational approach

Conflict Analysis of the Nanjing Yuhuan and A.O Smith Joint Venture Case

  • Yu, Yunxia;Wang, Ying
    • The Journal of Business Economics and Environmental Studies
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    • v.8 no.1
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    • pp.7-15
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    • 2018
  • Purpose -This paper is to study the process of the negative effects of Sino-foreign joint ventures, hoping to find out an effective path in which local enterprises can avoid the risks in the utilization of foreign capital, and ultimately achieve independent innovation. Research design, data, and methodology -The outflow of assets, the loss of local brands and the "technology hollowing-out" problem brought by joint ventures is becoming more and more serious. Based on conflict analysis graph model, this paper takes Yuhuan joint venture as an example to identify the conflict problem in Sino-foreign joint ventures. Results -The results of the stability analysis show that establishing joint venture cannot really realize the introduction of technology because the technology is fully controlled by the foreign part. So when introducing foreign capital, local enterprises should participate in R&D and master the initiative. Conclusions - Local enterprises should pay attention to patent containment and technology blockade of multinationals. Domestic enterprises should try to protect state-owned assets and local brands in Sino-foreign joint ventures. Independent innovation is the most effective strategy for the development of enterprises in China.

A Study on the School Network Plan for Joint Venture and Use of School Facilities in Provincial Cities -Focused on Cheonan and Asan city (교육망(敎育網) 구성(構成)을 통한 지방(地方) 도시(都市)의 학교시설(學校施設) 복합화(複合化) 방안(方案) 연구(硏究) -천안시(天安市)와 아산시(牙山市)를 중심(中心)으로)

  • Shim, Young-Sub
    • Journal of the Korean Institute of Educational Facilities
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    • v.12 no.3
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    • pp.13-21
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    • 2005
  • The idea of the school networks for joint venture and use of school facilities is forming and using an organic network of schools that will communally share a group of facilities that are uniquely appropriate for each schools. Focused on two prominent cities of Northern Choongnam province, Cheonan and Asan city, the objective of this study is to present and exhibit the plans for joint venture and use of school facilities, and to use them as an example for other provincial cities within the nation where such renovation may be possible. The school networks is proposed based on units of 1 km radius around each site, that is named as small school network, in order to ease the communal use of the sidewalks by the residents and the facilities by the nearby schools. In Cheonan city, six small school networks were proposed, which will supply three to four elementary schools for an average of 50,000 people. On the other hand, Asan city, which showed shortages of elementary schools, three small school networks including the middle and high schools in addition to the elementary schools were proposed, that will provide three to six schools for an average of 30,000 people.

The Profit Sharing and Efficiency of a Joint Venture (공동사업의 이익분배와 효율성)

  • Wee, Jung-Bum;Jun, Sang-Gyung
    • The Korean Journal of Financial Management
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    • v.25 no.1
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    • pp.177-196
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    • 2008
  • The megatrend of convergence in finance, telecommunication, and service industries is being spread over the whole industry. It has generated various kinds of contractual alliance or joint venture. Our paper builds a theoretical model for the profit sharing between two firms that participate in a joint venture. The model shows how the profit sharing rule affects the incentives of the participants, and, eventually, the efficiency. We derive the first-best solution of the profit sharing, where no incentive distortion exists. Then, we compare the incentive-affecting cases with the first best outcome, and assess the efficiency and the fairness of distribution. Our analysis shows that if we properly design the decision-making structure on transfer price and production quantity, we can reach the socially optimal efficiency.

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