An Exploration Of Collaboration Risk In Joint Ventures: Perceptions Of Risk By Local Economic Development Officials

Keywords

income homogeneity; joint venture; racial homogeneity; social capital; social networks

Abstract

This study explores the nature of “collaboration” risk in joint ventures and the factors that affect local development officials’ perceptions of these risks. Extant research on barriers to joint venture formation clearly indicates an important role for collaboration risk, but a systematic examination of the factors shaping local officials’ perceptions of this risk is lacking. The authors propose that their perceptions of the region’s norms regarding interlocal collaboration, the structure of the communication networks they have created with other local officials, and differences in the racial composition of their own cities are important factors shaping their perceptions of collaboration risk. The findings provide researchers with a basis for understanding the dimensions of collaboration risk in joint ventures and highlight the importance of the regional climate of cooperation among municipal leaders in shaping these perceptions. The two measures capturing the environment for collaboration in the region had the strongest link to the respondents’ perception of collaboration risk on joint ventures for economic development.

Publication Date

8-1-2017

Publication Title

Economic Development Quarterly

Volume

31

Issue

3

Number of Pages

210-227

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1177/0891242417710325

Socpus ID

85024835641 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/85024835641

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