U .S.-Japanese Manufacturing Joint Ventures and Equity Relationships

Abstract

Abstract Recent headlines read “GM to Sell Its 50% Stake in GMF annual, a Robotics Firm, to Japanese Partner” (Wall Street Journal, June 4, 1992, Business Briefs section) and “IBM, Toshiba, Siemens to Team Up” (Ann Arbor News, July 13, 1992). The dissolution and formation of joint ventures (]Vs) in manufacturing continue to be high drama in the world competitive scene, but the reasons for formation and dissolution of these ventures are still not well understood.