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Bounded Reliability and the termination of international joint ventures – insights from the Mid-Med Bank, 1975–1979

Lu, Qing

Authors

Abstract

In the late twentieth century, the international joint venture (IJV) became an increasingly important yet unstable organisational form of international business. Based on insights provided by the Mid-Med Bank of Malta during the period 1975-1979, this article argues that the unanticipated termination of IJVs has endogeneity due to the bounded reliability of their partners’ decision makers, developed from the formative stage and influenced by inter/intra organisational relationships along the evolution of the IJVs. The findings thus contribute to our understanding of the nature of bounded reliability, contractual governance and the bargaining process.

Journal Article Type Article
Publication Date Jan 15, 2019
Journal Business History
Print ISSN 0007-6791
Electronic ISSN 1743-7938
Publisher Taylor & Francis (Routledge)
Peer Reviewed Peer Reviewed
Pages 1-21
Institution Citation Lu, Q. (2019). Bounded Reliability and the termination of international joint ventures – insights from the Mid-Med Bank, 1975–1979. Business history, 1-21. https://doi.org/10.1080/00076791.2018.1552679
DOI https://doi.org/10.1080/00076791.2018.1552679
Keywords Business, Management and Accounting (miscellaneous); Business and International Management; History
Publisher URL https://www.tandfonline.com/doi/full/10.1080/00076791.2018.1552679
Additional Information Peer Review Statement: The publishing and review policy for this title is described in its Aims & Scope.; Aim & Scope: http://www.tandfonline....ope&journalCode=fbsh20; Published: 2019-01-15