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Experiential learning in international joint ventures: the role of venture novelty and experience heterogeneity

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This paper offers an empirical investigation into the challenges and prospects firms face in obtaining benefits from experience accumulation in the IJV setting. The authors find that the novelty of the focal IJV, both in terms of its skill requirements and in terms of the national culture in which it is embedded, moderates the effects of learning-by-doing. Moving beyond the effects of the firm's level of prior experience, they also investigate the heterogeneity of its IJV experience. The evidence suggests that the creativity that tends to accrue from heterogeneous experiences is helpful for novel IJVs that are more exploratory in nature. The empirical findings also point to the temporal tradeoffs firms face in investing in IJVs and the roles of cultural diversity and learning in the internationalization process.

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en

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application/pdf

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http://flora.insead.edu/fichiersti_wp/inseadwp2001/2001-06.pdf

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Copyright INSEAD. All rights reserved