Ownership governance and performance in Spanish-Moroccan joint ventures

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 su...

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Bibliographic Details
Published in:South African journal of economic and management sciences 2013-01, Vol.16 (3), p.231-243
Main Authors: Perez-Lopez, Maria Carmen, Rodriguez-Ariza, Lazaro, Lopez-Perez, Maria Victoria
Format: Article
Language:English
Subjects:
Alliances
Boards of directors
Business
Business ownership
Business, Finance
C35
Communication
Corporate governance
Economic models
Economic statistics
Economic theory
Economics
F23
G32
Hypotheses
Impact analysis
International business
International joint ventures
Joint ventures
M16
Management
Ownership
Participation
Public Administration
Small & medium sized enterprises-SME
SMEs
Stockholders
Studies
Success
Trade agreements
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Summary: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.
ISSN:1015-8812
2222-3436
2222-3436
DOI:10.4102/sajems.v16i3.254