INTERNATIONAL JOINT VENTURE PERFORMANCE MEASUREMENT IN CHINA: AN EXPLORATORY STUDY OF SINO-NORDIC JOINT VENTURES

This paper studies the performance measurement of international joint ventures (IJVs) in China. Firstly, relative concepts and theories of performance measurements in IJVs will be shown. Then dynamic capacities theory will be introduced to explain its effects on performance of IJVs. After that, a newly integrated framework performance measurement for Sino-foreign IJVs will be presented in the resource-based view (the RBV) and dynamic capabilities perspective. Finally, case study on Nokia through the concept of dynamic capacities will be showed. It is found that apply dynamic capabilities can be a new criteria of performance measurement for IJVs in China. Both stability and flexibility do matter for IJVs. Conclusion will be made at the end of this paper.