Abstract
Previous research analyzing the impact of cultural distance on joint venture negotiations has often confounded firm and environment effects. To decouple these effects, the cross-border cooperation preferences of small and medium-sized Korean firms were studied, considering simultaneously firms involved in inward and outward investment ventures. While cultural distance showed no significant relationship with the degree of control sought over the cooperative ventures, cultural distance was significantly related with a preference for ventures in domestic or foreign markets. The impact of cultural distance was found to be greater in inward investment than in outward investment.
| Original language | English |
|---|---|
| Pages (from-to) | 1117-1125 |
| Number of pages | 9 |
| Journal | Strategic Management Journal |
| Volume | 29 |
| Issue number | 10 |
| DOIs | |
| Publication status | Published - Oct 2008 |
| Externally published | Yes |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 17 Partnerships for the Goals
Free Keywords
- Alliance
- Cultural distance
- Direction of investment
ASJC Scopus subject areas
- Business and International Management
- Strategy and Management
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