Our website is made possible by displaying online advertisements to our visitors.
Please consider supporting us by disabling your ad blocker.
Joint venture
 | This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these messages)
|
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities.[1]
Most joint ventures are incorporated, although some, as in the oil and gas industry, are "unincorporated" joint ventures that mimic a corporate entity. With individuals, when two or more persons come together to form a temporary partnership for the purpose of carrying out a particular project, such partnership can also be called a joint venture where the parties are "co-venturers".
The venture can be a business JV (for example, Dow Corning), a project/asset JV intended to pursue one specific project only, or a JV aimed at defining standards or serving as an "industry utility" that provides a narrow set of services to industry participants.
Some major joint ventures include United Launch Alliance, Vevo, Hulu (until 2023), Virgin Media O2, Penske Truck Leasing, and Owens-Corning.
- ^ Roos, Alexander; Khanna, Dinesh; Verma, Sharad; Lang, Nikolaus; Dolya, Alex; Nath, Gaurav; Hammoud, Tawfik. "Getting More Value from Joint Ventures". Transaction Advisors. ISSN 2329-9134. Archived from the original on May 12, 2016. Retrieved November 3, 2015.
Previous Page Next Page
