Corporate governance in international joint ventures

Aim and Despite its high complexity, the strategy of forming international joint venture (as one of the main types of strategic alliances) is one of the strategies to be frequently used because of its numerous benefits. Corporate governance is also considered as one of the factors that lead to the successful implementation of this strategy. In spite of the importance of this key success factor which is corporate governance, the lack of a research which has been determined corporate governance different types and recognized the factors which have effect on them is considerable. Therefore, this article intends to first recognize various types of corporate governance in international joint ventures and then distinguish how the determined factors playing role. The present research is conducted based on the systematic literature review method. For this purpose, the related literature was systematically reviewed over a period of one year (from September 2018 to September 2019). In the first step, while determining and specifying the subject of study, the research questions were developed in accordance with the research design. In the next step, the research protocol was designed and an appropriate mental model was designed accordingly. Subsequently, inclusion and exclusion criteria were determined. Accordingly, the comprehensive and systematic search began within the literature and 400 studies were considered. After classification, screening, and measurement of their quality (methodological assessment based on Caldwell's proposed method), 60 studies were finally examined in depth (through a detailed review of their abstracts, introduction, methodology, and results) and the required data were collected. Then, in the last step, the obtained data were classified, codified (using open coding method through Excel software) synthesized and finally summarized. Finally, recognition of 4 corporate governance types which are soft, rigid, control based and corporative based, 8 factors (such as environmental factors, risks, shared resources, parent’s logic and etc.) which have effect on determined types presence and the visual illustration of mentioned results, are the main findings of this article.Discussion and According to the diversity of detected factors, it can be concluded that formation of corporate governance in international joint ventures is a complex process and multi-dimensional concept which cannot be undermined and treated like other types of organizations.