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Globalization and foreign direct investment (FDI) have made host country corruption a critical consideration for firms expanding internationally. This study investigates how perceived host country corruption influences the market entry mode choices of 207 Indonesian firms across 25 host countries between 2012-2022. Utilizing logistic regression analysis and grounded in transaction cost theory, we examine the likelihood of firms selecting joint ventures (JV) over wholly owned subsidiaries (WOS) in response to corruption risk. Results indicate that higher levels of perceived corruption in the host country significantly increase the probability of firms opting for JVs as a risk mitigation strategy. While strong country governance is often assumed to deter corruption, our findings suggest that it may not significantly reduce the perceived risk for firms entering foreign markets. This has important implications for policymakers seeking to attract foreign investment and for businesses developing strategies to navigate corrupt environments. [ABSTRACT FROM AUTHOR]

Commercial banks in Kenya operate in quite dynamic financial market environment and continue to experience stiff competition in the provision of financial services. The liberation of the financial markets has resulted into an upsurge in the number of institutions providing financial products and services, threatening the future of Kenyan commercial banks. This study aimed at determining the effect of strategic alliances on competitive advantage of commercial banks in Kenya. The objectives were to determine effect of joint ventures, equity alliances, and joint research and development on the competitiveness of Kenyan banks where Resource Based View, competitive advantage, and resource dependence theories were used. Causal research design was adopted where all the 42 Kenyan commercial banks formed the target population. Census survey sampling design was applied and semi-structured questionnaire used. Using descriptive and inferential statistics analysis, the study found that joint venture (β=0.435, p=0.000) equity alliances (β=0.227, p=0.018), and joint research and development (β=0.0.612, p=0.000) had positive significant effects on competitive advantage. With a coefficient of determination (R-square) of 68.9% and overall p-value of 0.000, the study concluded strategic alliances have a statistical significant effect on competitive advantage. The study recommends that managements of commercial banks should fast-truck implementation of such alliances to for improved competitiveness. [ABSTRACT FROM AUTHOR]

The subject of the study is the conceptual, legislative and theoretical provisions in the field of legal regulation of contractual relations in the implementation of joint activities in Ukraine and some European countries, as well as in the field of using the structure of joint activities as a special type of economic relations in the conduct of business. Methodology. General scientific methods were used in the research process. The comparative method was used to compare the legislative approaches to the legal regulation of contractual relations in the joint activities of Germany, France, Poland, Moldova and Ukraine. The analysis was used to determine the specifics of legislative approaches to the legal regulation of contractual relations for the implementation of joint activities in these countries, to identify their advantages and disadvantages. Synthesis was used to determine the methodological principles of legal regulation of joint activities. Induction and deduction were used to determine the basic principles of the functioning of civil legal partnerships with the aim of carrying out joint activities by their participants. The aim of the article is to propose concrete ways of improving the Ukrainian legal mechanism of contractual regulation of joint activity relations in order to ensure prompt and efficient post-war reconstruction of destroyed infrastructure facilities, the success of the process of recodification of the civil legislation of Ukraine and its harmonisation with the legislation of the EU countries. The results of the study have shown that, in general, the Ukrainian legislative approach to the legal regulation of relations on the implementation of joint activities is the most liberal and dispositive in comparison with the corresponding approaches of the European countries, which confirms the opinion that it is necessary to understand the agreement on joint activities as an effective legal and economic instrument for the post-war reconstruction of Ukraine, based on the consolidation of human efforts and resources (capital) for the achievement of a common goal. Conclusion. In order to improve the national legislative approach to the legal regulation of relations on joint activities on a contractual basis and to harmonise it with the provisions of European legislation, it is advisable to enshrine the following provisions by way of borrowing: 1) the prohibition of participants to engage in any activity that may be detrimental to the company, including the prohibition of competition; 2) the possibility of depriving a participant of the right to manage the company by a court decision if there is a valid reason, in particular as a result of a gross breach of duty; 3) the right of a participant to withdraw from a limited partnership if there are valid reasons and the invalidity of the objection to this effect; 4) the establishment of a basic list of the essential terms of a simple partnership agreement. This will undoubtedly have a direct impact on improving the institution of joint ventures as an important tool for the development of Ukraine's economic system in the post-war environment, especially in the context of investing in Ukrainian business and rebuilding the destroyed infrastructure.

This paper provides empirical evidence using two studies to explain the primary factors facilitating electronic health record (EHR) systems adoption through the lens of the resource advantage theory. We aim to address the following research questions: What are the main organizational antecedents of EHR implementation? What is the role of monitoring in EHR system implementation? What are the current themes and people's attitudes toward EHR systems? This paper includes two empirical studies. Study 1 presents a research model based on data collected from four different archival datasets. Drawing upon the resource advantage theory, this paper uses archival data from 200 Texas hospitals, thus mitigating potential response bias and enhancing the validity of the findings. Study 2 includes a text analysis of 5154 textual data, sentiment analysis, and topic modeling. Study 1's findings reveal that joint ventures and ownership are the two main enablers of adopting EHR systems in 200 Texas hospitals. Moreover, the results offer a moderating role of monitoring in strengthening the relationship between joint-venture capability and the implementation of EHR systems. Study 2's results indicate a positive attitude toward EHR systems. The U.S. was unique in the sample due to its slower adoption of EHR systems than other developed countries. Physician burnout also emerged as a significant concern in the context of EHR adoption. Topic modeling identified three themes: training, healthcare interoperability, and organizational barriers. In a multimethod design, this paper contributes to prior work by offering two new EHR antecedents: hospital ownership and joint-venture capability. Moreover, this paper suggests that the monitoring mechanism moderates the adoption of EHR systems in Texas hospitals. Moreover, this paper contributes to prior EHR works by performing text analysis of textual data to carry out sentiment analysis and topic modeling. [ABSTRACT FROM AUTHOR]

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Previous research has underscored the significance of the equity investment relationship in facilitating knowledge transfers between a joint venture and its parent company. Successful knowledge bridging in joint ventures plays a crucial role in shaping organizational learning and innovation performance outcomes. The empirical evidence on the effectiveness of knowledge transfers, however, presents a mixed picture. Through a rigorous sample selection process, we collect panel data on 366 joint venture-year observations across four industries during an 18-year period to empirically test the proposed hypotheses. In this research, we contend that the ability of joint ventures to act as knowledge bridges depends on the diversity of the parent's knowledge and the technological similarity between the joint venture and the parent, especially in the context of internal knowledge development. An examination of bridging performance in the relationship between joint ventures and parent companies indicates that both parental knowledge diversity and joint venture – parent technology similarity positively impact the knowledge acquired through the joint venture – parent equity relationship. Furthermore, when the joint venture strongly depends on internal knowledge, the positive relationship among parental knowledge diversity, joint venture – parent technology similarity, and joint venture knowledge bridging becomes more pronounced. Our findings shed light on how the specific features of a parent company contribute to the knowledge learning bridged by a joint venture and underscore the role of equity investments in joint venture firms' innovation. [ABSTRACT FROM AUTHOR]

To alleviate the financial shortage for public service provision, a government agency may jointly finance, own, and run a service system with a private firm (in the manner of a joint venture) or delegate service provision to the firm subject to regulation in service price or wait time. We model the service system as a queueing system in which customers are heterogeneous in service valuation and sensitive to price and delay. While the government aims to maximize social welfare, the firm's goal is to maximize profit. Hence, the joint venture has the objective of a mix of profit maximization and social welfare creation. Under the regulation, two types of interaction between the government and the firm, that is, sequential move (in the absence of the government's myopic adjustment) and simultaneous move (in the presence of myopic adjustment), are considered. We find that while wait time regulation is more efficient than price regulation in the presence of myopic adjustment, the relationship is reversed in the absence of myopic adjustment. Somewhat surprisingly, price regulation with myopic adjustment may backfire. However, in some instances, the government must take a large share in a joint venture to achieve the same performance under price regulation without myopic adjustment. Our work uncovers whether the government adopts myopic adjustment plays a critical role in choosing the regulation instrument. [ABSTRACT FROM AUTHOR]

The Finnish Market Court recently made a decision regarding penalty payments in a joint bidding case involving three public tenders for the Turku region's public transport system. The Finnish Competition and Consumer Authority (FCCA) conducted an investigation and proposed penalty payments of €1.9 million on the companies involved. The Market Court found that the joint ventures were not full-function and that the participating companies could have bid independently. The court ruled that the companies' conduct restricted competition and imposed record high sanctions. The case is currently under appeal. [Extracted from the article]

Copyright of Romanian Case Law Review / Revista Română de Jurisprudenţă is the property of Universul Juridic Publishing House and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

In the past few years, there has been a big rise in the number of relationships and agreements between businesses in India and the UK. But the results of these cross-cultural projects are very different. Some are huge successes, while others have a hard time. The purpose of this study paper is to find the cultural factors that affect the behaviour and productivity of business ties between the UK and India in a good or bad way. The first part of the paper sheds light on well-known cultural aspects theories, like Hofstede's model, to look at and compare the core values of Indian and UK cultures. It is made clear how the two countries' cultural values are very different. A qualitative exploratory research methodology was employed. Secondary research was conducted analysing scholarly literature on cross-cultural management, cultural dimensions theories, and case studies of real-life UK-India partnerships. What should be done is suggested based on the results. To have long-lasting partnerships with people from other countries, they need to learn about each other's cultures by getting to know each other, being open and flexible, and always learning. The study's result is that companies can do well in different countries by overcoming the challenges that come with their differences and working to be culturally competent. [ABSTRACT FROM AUTHOR]

This paper provides empirical evidence using two studies to explain the primary factors facilitating electronic health record (EHR) systems adoption through the lens of the resource advantage theory. We aim to address the following research questions: What are the main organizational antecedents of EHR implementation? What is the role of monitoring in EHR system implementation? What are the current themes and people’s attitudes toward EHR systems? This paper includes two empirical studies. Study 1 presents a research model based on data collected from four different archival datasets. Drawing upon the resource advantage theory, this paper uses archival data from 200 Texas hospitals, thus mitigating potential response bias and enhancing the validity of the findings. Study 2 includes a text analysis of 5154 textual data, sentiment analysis, and topic modeling. Study 1’s findings reveal that joint ventures and ownership are the two main enablers of adopting EHR systems in 200 Texas hospitals. Moreover, the results offer a moderating role of monitoring in strengthening the relationship between joint-venture capability and the implementation of EHR systems. Study 2’s results indicate a positive attitude toward EHR systems. The U.S. was unique in the sample due to its slower adoption of EHR systems than other developed countries. Physician burnout also emerged as a significant concern in the context of EHR adoption. Topic modeling identified three themes: training, healthcare interoperability, and organizational barriers. In a multimethod design, this paper contributes to prior work by offering two new EHR antecedents: hospital ownership and joint-venture capability. Moreover, this paper suggests that the monitoring mechanism moderates the adoption of EHR systems in Texas hospitals. Moreover, this paper contributes to prior EHR works by performing text analysis of textual data to carry out sentiment analysis and topic modeling.

A small oligopoly of commercial and investment banks dominates the arranging and underwriting of loans and bonds for publicly traded companies. The oligopoly's dominance apparently compels nondisclosure of preliminary agreements that outline the proposed issuance terms of the loans or bonds. Also, the banks do not disclose the arranging and underwriting fees to anyone outside the oligopoly and prohibit disclosure to anyone by their customers, which non-disclosure violates the securities laws. This makes it impossible for customers to compare such fees and more difficult for non-oligopoly banks to offer competing bids. This article concludes the Antitrust Division, and Securities & Exchange Commission should investigate these practices. [ABSTRACT FROM AUTHOR]

Copyright of Bait Al-Mashura Journal is the property of Bait Al-Mashura Journal and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Artykuł dotyczy wyroku Sądu Ochrony Konkurencji i Konsumentów w sprawie z odwołania od decyzji Prezesa UOKiK w sprawie Nord Stream 2 (Gazprom i inni). Omawia przede wszystkim stanowisko sądu co do rodzajów transakcji stanowiących utworzenie wspólnego przedsiębiorcy, koncepcję obejścia prawa na gruncie ustawy o ochronie konkurencji i konsumentów, a także polityczny i ekonomiczny wymiar sprawy.

With the advancement of China’s electricity spot market construction， it has become a prevailing trend for new energy to participate in the spot market. However， the output uncertainty of new energy debilitates its market competitiveness. As a mature energy storage technology， distributed pumped-storage power plants can cooperate with new energy generation and stabilize its output fluctuations. To this end， a two-stage stochastic optimization model for the participation of a consortium of distributed pumped storage plants and new energy generation in the day-ahead and real-time markets under a dual settlement mechanism in the spot market is investigated. Conditional value-at-risk （CVaR）is introduced to quantify the impact of uncertainty in new energy output and market electricity prices on the joint venture’s revenue， and to optimize the consortium’s bidding in the day-ahead market stage and rolling self-dispatch in the real-time balancing market stage. The example analysis shows that the proposed method can increase the revenue of the joint venture in the spot market. Finally， the impact of the risk preference factor and the storage capacity of the pumped storage plant on the joint venture’s revenue is discussed.

Joint construction ventures are a global business partnership approach to accomplishing jointly executed construction objectives. The success of joint ventures is not achieved without militating factors and complexity affecting the process. This study assessed the militating factors against joint venture success in the construction industry in South Africa. A quantitative research approach was adopted, using a purposive sampling technique to select participants for this study. In total, 190 copies of the questionnaire were sent out to construction stakeholders in Gauteng province, South Africa, and 185 copies of the questionnaire were retrieved. Data analysis was conducted in three stages: data reliability and validity, descriptive statistics, and exploratory factor analysis. The exploratory factor analysis (EFA) returned seven factors that provided a relevant understanding of the militating factors against joint venture success: differences in partners' work values, ineffective regulatory frameworks, undefined goals, clashes between partners' cultural values, economic viability, operational constraints, and conflicts of interest. This study recommends that joint venture formulation requires due diligence from partners to understand policy, organisational culture, sharing ratios, and economic viability to avoid unnecessary conflicts of interest and operational constraints. [ABSTRACT FROM AUTHOR]

If the right to association provided in the Romanian Constitution refers to non profit associations, associative forms that do not seek to obtain or share benefits, but political, religious or cultural purposes, being the expression of freedom of thought and a form of expression, then any form of private law association that seek profit is the expression of both the contractual freedom of the associates and the economic freedom recognized by art. 45 of the fundamental law. No form of association regardless of the typology of which it belongs is ever imposed by law, their creation depending exclusively on the will of the members. The simple company and the joint venture are associative forms without legal personality, lucrative, belonging to the category of professionals. They are flexible associative forms from the perspective of the lack of formalities necessary for their establishment, but also complex from the perspective of the legal relations they generate both between the associates and towards third parties.

Copyright of Zhejiang Electric Power is the property of Zhejiang Electric Power Editorial Office and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The overall economic situation considers a scenario that is not exactly optimistic in the context of the current health crisis. The need for cheap resources will probably lead to the seizing of the opportunities provided by the trade companies, without patrimonial transfers of goods and labour force. Taking this context into account, we believe that the mixed ventures might become relevant again nowadays. The challenge posed by the indirect taxation of these associations without legal personality points out a series of practical aspects which we consider that should be rigorously and thoroughly addressed, especially that the tax payers’ option is not always in accordance with that of the fiscal authorities causing contentious issues, which are time and money consuming and at the same time lead to forced executions endangering the company’s existence itself. The article hereby is based on the material tax law rules as regards the common law provisions, with the aim of setting up the tax deductions regime regarding the contributions and purchases related to joint ventures, given that the Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax does not include specific provisions for joint ventures, which is why the jurisprudence of the Court of Justice of the European Union is applicable in this matter.

The overall economic situation considers a scenario that is not exactly optimistic in the context of the current health crisis. The need for cheap resources will probably lead to the seizing of the opportunities provided by the trade companies, without patrimonial transfers of goods and labour force. Taking this context into account, we believe that the mixed ventures might become relevant again nowadays. The challenge posed by the indirect taxation of these associations without legal personality points out a series of practical aspects which we consider that should be rigorously and thoroughly addressed, especially that the tax payers’ option is not always in accordance with that of the fiscal authorities causing contentious issues, which are time and money consuming and at the same time lead to forced executions endangering the company’s existence itself. The article hereby is based on the material tax law rules as regards the common law provisions, with the aim of setting up the tax deductions regime regarding the contributions and purchases related to joint ventures, given that the Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax does not include specific provisions for joint ventures, which is why the jurisprudence of the Court of Justice of the European Union is applicable in this matter.

The North American Wetlands Conservation Act provides funding and administration for wetland management and conservation projects. The North American Wetland Conservation Fund, enabled in 1989 with the Act, provides financial resources. Resource allocation decisions are based, in part, on regional experts, particularly migratory bird Joint Ventures (JV; partnerships established under the North American Waterfowl Management Plan to help conserve the continent's waterfowl populations and habitats). The JVs evaluate funding proposals submitted within their respective regions each year and make funding recommendations to decision makers. Proposal evaluation procedures differ among JVs; however, it could be helpful to consider a transparent, repeatable, and data-driven framework for prioritization within regions. We used structured decision-making and linear additive value models for ranking proposals within JV regions. We used two JVs as case studies and constructed two different value models using JV-specific objectives and weights. The framework was developed through a collaborative process with JV staff and stakeholders. Models were written in Microsoft Excel. To test these models, we used six North American Wetlands Conservation Act proposals submitted to the Upper Mississippi/Great Lakes JV in 2016 and seven proposals submitted to the Gulf Coast JV in 2017. We compared proposal ranks assigned by the value model to ranks assigned by each JV's management board. Ranks assigned by the value model differed from ranks assigned by the board for the Upper Mississippi/Great Lakes JV, but not for the Gulf Coast JV. However, ranks from the value model could change markedly with different objective weights and value functions. The weighted linear value model was beneficial for ranking NAWCA proposals because it allows JVs to treat the ranking as a multiple objective problem and tailor the ranking to their specific regional concerns. We believe a structured decision-making approach could be adapted by JV staff to facilitate a systematic and transparent process for proposal ranking by their management boards. [ABSTRACT FROM AUTHOR]

The COVID-19 pandemic has posed challenges to healthcare organizations across the world. This article describes an international joint venture between Mayo Clinic and Abu Dhabi to care for an increasing number of patients with COVID-19. [ABSTRACT FROM AUTHOR]

With the growing importance of international efforts, joint ventures (JVs) have received increasing attention from academics and practitioners. Drawing on the JV literature, this study asserts that a parent company's JV investment geographic diversity is critical to understanding global investment diversity and a firm's subsequent innovativeness. From an analysis of 472 parent companies for a 10-year period and 2734 firm-year observations, the study identifies an inverse U-shaped relationship between JV investment geographic diversity and a parent company's innovativeness. The moderating roles of JV experience and available slack are found to strengthen such relationships. These findings support our predictions. [ABSTRACT FROM AUTHOR]

The development of the hydrocarbon potential of the Arctic shelf is one of the priority tasks for Russia, forming the conditions for its strategic presence in the region. Russia's official energy documents stipulate the need to increase oil and gas production in the Arctic, including offshore production, to ensure the stable operation of the country's oil and gas complex in the long term. However, the development of hydrocarbon fields on the Arctic shelf is a serious technological challenge for the domestic oil and gas in-dustry. While offshore oil production in the Russian Arctic is already underway, natural gas production remains a promising future target. The article analyses the current gas projects on the Arctic shelf in terms of their technological complexity and unique solutions, and the strategies of operators to attract foreign participants to the project. We consider these in the contexts of technological issues, organizational features, securing foreign investment. The author believes that the provisions and conclusions of this study will help add to the comprehensive picture of the foreign oil and gas companies experience engaged in natural gas production on the Arctic shelf, which will minimise the errors and risks in the development of hydrocarbon resources on the Russian Arctic seas shelf.

http://escholarship.org/uc/item/63j6s1tbPopulations of many species of birds are declining worldwide from habitat loss and degradation and the effects of contamination, disease, and alien species. Effects have been great in California’s Central Valley from the loss of over 90% of its historical wetland and riparian habitats. Conservation initiatives at various geographic scales have ranged from protecting and restoring habitats or ecosystems for broad suites of species to ones identifying individual declining and vulnerable taxa and spurring actions to halt or reverse their population declines. In taking the first approach, the Central Valley Joint Venture initially focused on restoring habitats and populations of wintering and breeding waterfowl but currently promotes the conservation of all birds. This joint venture is setting population and habitat objectives for seven taxonomic or habitat bird groups, but to date little attention has been paid to at-risk species of particular conservation concern. We identified 38 at-risk species, subspecies, or distinct populations of birds that warrant heightened conservation efforts in the Central Valley. At-risk birds are unevenly distributed among subregions and habitat types in this valley, but most face the primary threat of habitat loss and degradation. The treatment of at-risk species varies greatly among the seven bird groups considered by the joint venture, and, overall, conservation objectives are not addressed specifically for 50% of the region’s at-risk taxa, though some surely benefit from objectives set for other groups. To adequately treat at-risk species, we recommend a framework for setting conservation objectives that evaluates assumptions about limiting factors, considers objectives already set for threatened and endangered species, assesses whether objectives set for other groups or focal species meet the needs of at-risk species lacking such objectives, establishes objectives for at-risk species for habitats or seasons not currently considered, and highlights information gaps to be filled to effectively set new or refined objectives.

As the world’s largest developing country and the largest carbon emitter, China must consider economic growth and carbon emission reduction in development. Therefore, improving carbon productivity is an important goal of China at present. At the same time, China’s foreign capital inflow has always been at the forefront of the world, and foreign direct investment (FDI) has had various impacts on China’s carbon productivity. Based on the panel data of 25 provinces in China from 2007 to 2019, this paper uses a spatial econometric model to study the difference in the impact of FDI on China’s carbon productivity under different entry modes. The study found that: when FDI enters China in the mode of joint ventures, there is a positive spatial spillover effect, which is conducive to improving China’s carbon productivity; while when FDI enters China in the mode of wholly foreign-owned enterprises, there is a negative spatial spillover effect, which will inhibit the improvement of China’s carbon productivity. Therefore, when introducing foreign capital, the Chinese government should formulate differentiated foreign investment policies according to the different entry modes of FDI, and encourage more FDI to enter China in the mode of joint ventures.