Ownership governance and performance in Spanish-Moroccan joint ventures

López Pérez, María Victoria; Pérez López, María Del Carmen; Rodríguez Ariza, Lazaro

doi:https://doi.org/ 10.4102/sajems.v16i3.254

13 South African Journal of Economic.pdf (346.4Kb)

Identificadores

URI: https://hdl.handle.net/10481/106727

DOI: https://doi.org/ 10.4102/sajems.v16i3.254

Exportar

Materia

International joint ventures

SMEs

Corporate governance

Ownership

Performance

Fecha

2013

Referencia bibliográfica

Lopez-Perez, M. V., Perez-Lopez, M. C., & Rodriguez-Ariza, L. (2013). Ownership governance and performance in Spanish-Moroccan joint ventures. South African Journal of Economic and Management Sciences, 16(3), 231-243. https://doi.org/ 10.4102/sajems.v16i3.254

Resumen

This paper analyses the impact of ownership on performance by SMEs formed as Spanish-Moroccan international joint ventures (IJVs). In such SMEs, the functions and persons involved at different levels of governance – ownership, board and managers – often overlap. The results obtained from 210 SMEs suggest that owners often exert control by participating in the other mechanisms of governance. Their participation as members of the board has a positive influence on performance and thus the success of the IJV, but when owners form part of the management team (a less frequent situation), the influence on performance is negative and not significant. Participation by owners in the management team is not associated with the IJV’s performance.

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