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Pattern in Corporate Evolution$
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Neil M. Kay

Print publication date: 2000

Print ISBN-13: 9780199242115

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199242115.001.0001

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. Joint Venture

. Joint Venture

(p.177) 9. Joint Venture
Pattern in Corporate Evolution


Oxford University Press

This chapter introduces and develops a set of principles for analysing the development of collaborative activity. These principles are useful in helping to develop an efficiency rationale for the evolution of collaborative activities. The chapter focuses on the form of cooperative activity characterized by joint ventures. It begins by examining the nature of collaboration that sets the agenda for what an analysis of joint-venture activity must achieve. Market arrangements, hierarchical arrangements, and joint-venture arrangements to coordinate complementary assets are also examined. The chapter furthermore examines how the evolution of sectors may create the essential preconditions for the development of joint ventures. This analysis is then compared with actual patterns of joint venture and other collaborative activity.

Keywords:   collaborative activity, cooperative activity, collaboration, joint venture, market arrangements, hierarchical arrangements

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