International joint ventures in West Africa: source of funding and barriers to finance

Agyenim Boateng, Akamavi Raphael, Roger Henderson

    Research output: Contribution to journal › Article

    Abstract

    This paper examines the sources of funds and barriers to finance of international joint ventures (IJVs) in West Africa. A sample of 57 IJVs based in Ghana and Nigeria is examined. The findings suggest a pronounced tendency to finance IJVs through equity contributions from the partners and to rely on borrowing and retained profits to finance future growth. The study also finds that size of capital required to form an IJV and the organisational type of the host partner are not independent. Exchange risk, poor infrastructure, political instability and transfer risks are found to be the major barriers to finance of IJVs in Ghana and Nigeria.
    Original languageEnglish
    Pages (from-to)59-71
    Number of pages13
    JournalInternational Journal of Business Studies
    Volume10
    Issue number1
    Publication statusPublished - Jun 2002

    Fingerprint

    International joint ventures
    Finance
    West Africa
    Funding
    Ghana
    Nigeria
    Equity
    Exchange risk
    Political instability
    Profit
    Borrowing
    Risk transfer

    Keywords

    • joint ventures
    • international business
    • Ghana
    • Nigeria

    Cite this

    Boateng, A., Raphael, A., & Henderson, R. (2002). International joint ventures in West Africa: source of funding and barriers to finance. International Journal of Business Studies, 10(1), 59-71.
    Boateng, Agyenim ; Raphael, Akamavi ; Henderson, Roger. / International joint ventures in West Africa: source of funding and barriers to finance. In: International Journal of Business Studies. 2002 ; Vol. 10, No. 1. pp. 59-71.
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    Boateng, A, Raphael, A & Henderson, R 2002, 'International joint ventures in West Africa: source of funding and barriers to finance', International Journal of Business Studies, vol. 10, no. 1, pp. 59-71.

    International joint ventures in West Africa: source of funding and barriers to finance. / Boateng, Agyenim; Raphael, Akamavi; Henderson, Roger.

    In: International Journal of Business Studies, Vol. 10, No. 1, 06.2002, p. 59-71.

    Research output: Contribution to journal › Article

    TY - JOUR

    T1 - International joint ventures in West Africa: source of funding and barriers to finance

    AU - Boateng, Agyenim

    AU - Raphael, Akamavi

    AU - Henderson, Roger

    N1 - No link to full article available. TM 19-12-16

    PY - 2002/6

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    N2 - This paper examines the sources of funds and barriers to finance of international joint ventures (IJVs) in West Africa. A sample of 57 IJVs based in Ghana and Nigeria is examined. The findings suggest a pronounced tendency to finance IJVs through equity contributions from the partners and to rely on borrowing and retained profits to finance future growth. The study also finds that size of capital required to form an IJV and the organisational type of the host partner are not independent. Exchange risk, poor infrastructure, political instability and transfer risks are found to be the major barriers to finance of IJVs in Ghana and Nigeria.

    AB - This paper examines the sources of funds and barriers to finance of international joint ventures (IJVs) in West Africa. A sample of 57 IJVs based in Ghana and Nigeria is examined. The findings suggest a pronounced tendency to finance IJVs through equity contributions from the partners and to rely on borrowing and retained profits to finance future growth. The study also finds that size of capital required to form an IJV and the organisational type of the host partner are not independent. Exchange risk, poor infrastructure, political instability and transfer risks are found to be the major barriers to finance of IJVs in Ghana and Nigeria.

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    KW - international business

    KW - Ghana

    KW - Nigeria

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    Boateng A, Raphael A, Henderson R. International joint ventures in West Africa: source of funding and barriers to finance. International Journal of Business Studies. 2002 Jun;10(1):59-71.

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