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Institutional differences and arbitration mechanisms in international joint ventures
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Devarakonda , Shivaram , Klijn , Elko , Reuer , Jeffrey and Duplat , Valérie (2021) Institutional differences and arbitration mechanisms in international joint ventures. Global Strategy Journal, 11 (2). pp. 125-155. doi:10.1002/gsj.1351 ISSN 2042-5791.
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Official URL: https://doi.org/10.1002/gsj.1351
Abstract
We theoretically and empirically study the effects of legal institutions on the inclusion of arbitration provisions in international joint venture (IJV) contracts. Legal institutions offer a public trilateral forum to handle interpartner disputes. However, these institutions function differently across countries, which can impede IJV partners from resolving disputes effectively through court systems. Alternatively, partners can take advantage of private trilateral resolution mechanisms in the form of arbitration. We argue and demonstrate that differences among partners' home country legal institutions regarding the legal traditions, as well as the importance of procedures and costs imposed in these countries for enforcing contracts, increase the likelihood of choosing arbitration over litigation. We also compare results for partners' recourse to IJV boards as a private, bilateral means of addressing conflicts.
| Item Type: | Journal Article | ||||||||
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| Divisions: | Faculty of Social Sciences > Warwick Business School > Strategy & International Business Faculty of Social Sciences > Warwick Business School |
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| Journal or Publication Title: | Global Strategy Journal | ||||||||
| Publisher: | John Wiley & Sons Ltd. | ||||||||
| ISSN: | 2042-5791 | ||||||||
| Official Date: | May 2021 | ||||||||
| Dates: |
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| Volume: | 11 | ||||||||
| Number: | 2 | ||||||||
| Page Range: | pp. 125-155 | ||||||||
| DOI: | 10.1002/gsj.1351 | ||||||||
| Status: | Peer Reviewed | ||||||||
| Publication Status: | Published | ||||||||
| Reuse Statement (publisher, data, author rights): | "This is the peer reviewed version of the following article:Devarakonda, S, Klijn, E, Reuer, J, Duplat, V. Institutional differences and arbitration mechanisms in international joint ventures. Global Strategy Journal. 2019; 1– 31, which has been published in final form at Devarakonda, S, Klijn, E, Reuer, J, Duplat, V. Institutional differences and arbitration mechanisms in international joint ventures. Global Strategy Journal. 2019; 1– 31. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions." | ||||||||
| Access rights to Published version: | Restricted or Subscription Access | ||||||||
| Date of first compliant deposit: | 13 March 2019 | ||||||||
| Date of first compliant Open Access: | 24 May 2021 | ||||||||
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