Both formal (legal) and informal (culture, language, religion) institutions determine the
intensity of cross-border joint ventures between one US and one foreign partner. Using a
sample of cross-border joint ventures from 105 countries, we investigate the impact of
country legal, cultural and business environment factors, industry factors as well as deal
specific factors on the intensity of cross-border joint ventures with one US partner. Our
results suggest that US firms are more likely to form joint ventures with firms from countries …