Joint Venture
Summary of Joint Venture
A business enterprise with more than one equity participant; for example, an agreement between a German firm and a U.S. firm to capitalize jointly a new factory in Venezuela. Many countries impose restrictions on joint ventures; these restrictions may take the form of limitations on foreign equity participation, majority, local control and management, and repatriation of dividends.
(Main Author: William J. Miller)
Joint Venture and International Trade Economy
In relation to international trade economy, Christopher Mark (1993) provided the following definition of Joint Venture: An international business undertaking involving a long-term commitment of funds, facilities, and services –as well as joint management and sharing of risks and profits –between two firms from different countries. Many countries impose restrictions on joint ventures, such as foreign equity limits, local control legislation, and restrictions on repatriation of dividends. If joint ownership of capital is involved, the partnership is known as an equity joint venture. If more than two companies are involved, it is usually called a consortium.
In the United States
For information about Joint venture in the context of international trade, click here
Joint Venture in International Trade
Meaning of Joint Venture, according to the Dictionary of International Trade (Global Negotiator): An agreement by two companies, typically one foreign and one domestic to work together for mutual benefit with specific ownership percentages specified in a long-term contract. These two companies set up a third company (the Joint Venture). This new company would usually be located in the same country as one of the two partner companies, with the purpose of mutually establishing an activity with its own objectives: marketing and distribution, research, manufacturing, etc. The terms of some joint ventures deals are regulated heavily by governments of certain countries (mainly developing counties) as to the limits of foreign ownership and the minimum amounts of money or assets invested. Companies of different countries that enter into a joint venture govern their relationship through the International Joint Venture Contract. See also contractual joint venture; equity joint venture; strategic alliance.
Joint Venture
Resources
See Also
- Enterprise
- Joint Enterprise
- Joint Venture
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See Also
- Community ot interest
- Joint adventure
- Joint enterprise. Compare Corporation
- Partnership
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See Also
Further Reading
- Information about Joint Venture in the Encyclopedia of World Trade: from Ancient Times to the Present (Cynthia Clark Northrup)
Joint Venture and the Laws of International Trade
Joint venture partners, distributions, subcontractors
Export Control in Merger and Acquisitions
Hierarchical Display of Joint venture
Business And Competition > Business classification > Type of business
Business And Competition > Business organisation > Economic concentration
Business And Competition > Competition > Competition law
Business And Competition > Legal form of organisations > Organisation > Consortium
Joint venture
Concept of Joint venture
See the dictionary definition of Joint venture.
Characteristics of Joint venture
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Resources
Translation of Joint venture
- Spanish: Empresa común
- French: Entreprise commune
- German: Gemeinsames Unternehmen
- Italian: Impresa comune
- Portuguese: Empresa comum
- Polish: Joint-venture
Thesaurus of Joint venture
Business And Competition > Business classification > Type of business > Joint venture
Business And Competition > Business organisation > Economic concentration > Joint venture
Business And Competition > Competition > Competition law > Joint venture
Business And Competition > Legal form of organisations > Organisation > Consortium > Joint venture
See also
- Economic concentration
- Competition law
- Merger control
- Control of State aid
- Anti-dumping legislation
- Anti-trust legislation
- Control of restrictive practices
- Anti-subsidy proceeding
- Consortium
- Joint enterprise
- Joint undertaking
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