Joint venture manager as a common agency

Abstract

Different definitions of joint ventures exist in the literature and in practice. This thesis adopts the notion of “equity joint venture”. Throughout the thesis, “joint venture” refers to equity joint venture as defined by Beamish and Banks (1987), namely “shared-equity undertakings between two or more parties, each of whom held at least five percent of the equity.” This definition is widely adopted in the research of international joint ventures.