University of Groningen
Exploring new frontiers in joint venture research
Balogh, Nora
DOI:
10.33612/diss.98633889
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Publication date: 2019
Link to publication in University of Groningen/UMCG research database
Citation for published version (APA):
Balogh, N. (2019). Exploring new frontiers in joint venture research: post-formation dynamics and microfoundations in wind farm joint ventures. University of Groningen, SOM research school. https://doi.org/10.33612/diss.98633889
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Exploring New Frontiers In Joint Venture Research
Post-formation dynamics and microfoundations in wind
farm joint ventures
ii
Publisher: University of Groningen
Groningen, The Netherlands
Printed by: Ipskamp Printing B.V.
Enschede, The Netherlands
ISBN: 978-94-034-2036-3 (printed version)
978-94-034-2035-6 (electronic version) © 2019 Nora Balogh
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system of any nature, or transmitted in any form or by any means, electronic, mechanical, now known or hereafter invented, including photocopying or recording, without prior written permission of the author.
iii
Exploring new frontiers in joint
venture research
Post-formation dynamics and microfoundations in wind farm joint
ventures
PhD thesis
to obtain the degree of PhD at the University of Groningen
on the authority of the
Rector Magnificus Prof. C. Wijmenga and in accordance with
the decision by the College of Deans. This thesis will be defended in public on Thursday 7 November 2019 at 09.00 hours
by
Nora Balogh
born on 17 December 1988iv
Supervisors
Prof. D.L.M. Faems Prof. G. de JongCo-supervisor
Dr. I. Estrada VaqueroAssessment Committee
Prof. P.M.M. de Faria Prof. A. Arino Prof. A.P. de Manv
Table of contents
1. General Introduction 1
1.1. Research objectives 1
1.2. Empirical setting: Wind farm joint ventures in the United Kingdom 5
1.3. Methodological approach 8
1.4. Overview of the empirical projects 10
2. Summer Breeze or Large Storm? Performance Implications of Partner Change in Wind
Farm Joint Ventures 15
2.1. Introduction 16
2.2. Theoretical foundations 20
2.3. Hypotheses 24
2.4. Methodology 29
2.5. Results 38
2.6. Discussion and conclusions 48
2.7. Appendix 53
3. What Drives the Appointment of Directors? Linking Resource Dependence and
Monitoring to Human Capital Value in Wind Farm Joint Ventures 57
3.1. Introduction 58
3.2. Theoretical background 61
3.3. Hypotheses 67
3.4. Methodology 75
3.5. Results 84
3.6. Discussion and conclusions 88
3.7. Appendix 93
4. You, Me, Us: The Effect of Partner-Spanning Faultlines on Joint Venture Termination 95
4.1. Introduction 96
4.2. Theoretical background 100
4.3. Hypotheses 106
4.4. Methodology 110
4.5. Results 121
4.6. Discussion and conclusions 126
4.7. Appendix 132
5. Discussion 133
5.1. Overview of empirical findings 133
5.2. Theoretical contributions 135
5.3. Managerial implications 139
5.4. Opportunities for future research 142
5.5. Concluding thoughts 144
6. References 147
vi
8. Nederlandse samenvatting 171
