Impact of joint venture on its partner company’s performance: a systematic literature review

Abstract

Purpose This paper aims to identify the variables to measure the impact of the joint venture (JV) on the performance of its partner companies, considering all performance dimensions studied in the literature.

Design/methodology/approach A systematic literature review (SLR) was conducted using Preferred Reporting Items for Systematic Review and Meta-Analysis (PRISMA) protocol guidelines. The study identified 27 articles published between 2000 and 2023 in research areas of business economics, business, management and accounting and economics, econometrics and finance that discuss the effect of JVs on their partners firm performance. The term JV was defined in accordance with the definition of the author Paul Beamish, a renowned author in numerous academic journals, applying in the field of joint venture and performance.

Findings The results show that the effect of JVs on the performance of their partner companies has been studied in companies around the world, from multiple perspectives and indicators, and mainly through the application of statistical methods such as regression analysis.

Originality/value The current study contributes significantly to the existing and understudied body of knowledge in the literature on the effects of JV development on its partner firm’s performance.