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Ex-post governance in joint ventures : determinants of monitoring by JV boards of directors
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Klijn, Elko, Reuer, J. J., Volberda, Henk W. and Van den Bosch, Frans A. J. (2019) Ex-post governance in joint ventures : determinants of monitoring by JV boards of directors. Long Range Planning, 52 (1). pp. 72-85. doi:10.1016/j.lrp.2017.10.006 ISSN 0024-6301.
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Official URL: http://dx.doi.org/10.1016/j.lrp.2017.10.006
Abstract
Considerable advances have been made in corporate governance research in recent years and opportunities exist to consider these developments within alliances. We extend the “scope of operations” hypothesis to the domain of joint ventures. This proposition suggests that the monitoring carried out by boards increases when organizations become more complex. The inherent characteristics of JVs generate unique sources of complexity that are currently unexplored in the corporate governance literature. First, we seek to determine their influence on monitoring by using primary data on JV board monitoring. Second, we adopt the size of JV boards as a proxy for monitoring in order to examine whether the determinants of board size and monitoring in fact coincide and to reveal if certain effects are masked by using board size as a simple proxy for monitoring. Doing so enables us to investigate the black-box of what boards actually do as well as extend governance research to other organizational forms. Our findings confirm that the unique characteristics of JVs influence the information needs by the boards resulting in more monitoring by JV directors. Our findings show there is value in bridging alliance theory and the literature on corporate governance research. We also advance practitioner's understanding by providing suggestions on how to structure JV boards in relation to their complexity.
Item Type: | Journal Article | ||||||||
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Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management | ||||||||
Divisions: | Faculty of Social Sciences > Warwick Business School > Strategy & International Business Faculty of Social Sciences > Warwick Business School |
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Library of Congress Subject Headings (LCSH): | Joint ventures -- Management, Corporate governance, Boards of directors | ||||||||
Journal or Publication Title: | Long Range Planning | ||||||||
Publisher: | Elsevier | ||||||||
ISSN: | 0024-6301 | ||||||||
Official Date: | February 2019 | ||||||||
Dates: |
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Volume: | 52 | ||||||||
Number: | 1 | ||||||||
Page Range: | pp. 72-85 | ||||||||
DOI: | 10.1016/j.lrp.2017.10.006 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Date of first compliant deposit: | 6 February 2018 | ||||||||
Date of first compliant Open Access: | 22 November 2019 |
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