Control and Performance in International Joint Ventures in Turkey

This study investigates the relative significances of different control mechanisms in creating control and the impact of control on performance in developing-country-based international joint ventures. Different from mainstream past research, local parent’s perspective is reflected. Strategic and operational control, and performance in terms of financial returns and goal achievement are distinguished from each other to provide a more comprehensive picture. Findings reveal that local parents acquire control through contribution of various resources to the partnership. Additionally, while strategic and operational control may affect certain financial returns, they do not lead to a difference in terms of goal achievement performance.