Relationships Between Objectives, Ownership and Control

Abstract

This chapter examines the postulated relationships between a joint venture partner’s objectives, ownership and control. One particular issue that has received little attention in the literature is the possible link between the partners’ objectives in forming joint ventures and the range of ownership resourcing they provide. The resources contributed are expected to reflect the owning companies’ objectives for those joint ventures, in particular whether these are long-term or short-term in nature. Ownership resourcing from the partners will be influenced by the trade-offs they make between long- and short-term objectives.