The objective of this study is to establish an efficient technology transfer strategy for Korean firms through international Joint Venture(J.V). For this purpose I tried two-stage approach. First, I tried to find out the necessary and sufficient cond...
The objective of this study is to establish an efficient technology transfer strategy for Korean firms through international Joint Venture(J.V). For this purpose I tried two-stage approach. First, I tried to find out the necessary and sufficient conditions under which international J.V can be selected as a best technology transfer channel. The necessary condition means the condition under which J.V is preferred to Licensing and the sufficient condition means the condition under which J.V is preferred to Wholly Owned Subsidiary(WOS). Second, I tested the hypotheses on the direction of relationship between the above condition factors and the probability to select international J.V as a technology transfer channel. The empirical evidence for the condition in choosing between Licensing and J.V shows that the probability to choose J.V instead of Licensing as a technology transfer channel is the higher when the firm has the more motivation to assure the long-term and stable supply of raw materials and parts because of the imperfection of international intermediary goods market, when the firm has the more motivation to use the local partner`s experience and knowledge about local market because of the imperfection of knowledge market and when the firm has the more motivation to assure financial assets because of the imperfection of international capital market. And the empirical evidence for the condition in choosing between J.V and WOS shows that the probaility to choose J.V instead of WOS as a technology transfer channel is the higher when the firm has the more motivation to acquire the synergy effect in marketing by utilizing the local partner`s experience and knowledge about local market and when it has the more motivation to acquire strategic synergy effect such as detouring tariff barriers by establishing a J.V with local firm.