Loading...
Please wait, while we are loading the content...
Similar Documents
JOINT VENTURE FORMATIONS AND STOCK MARKET REACTIONS: AN ASSESSMENT IN THE INFORMATION TECHNOLOGY SECTOR.
| Content Provider | Scilit |
|---|---|
| Author | Koh, J. Venkatraman, N. |
| Copyright Year | 1991 |
| Description | This study examined the impact of joint venture formation strategies on the market value of parent firms in the information technology sector using an event-study perspective. We found that (1) announcements of joint venture formations generally increased market value, (2) ex post, joint ventures were superior to three other cooperative mechanisms, and (3) the magnitude and significance of market valuations differed across types of joint venture strategies. Further, the impact of announcements and managerial assessments of joint ventures' contributions had a positive, significant relationship for a subgroup of firms. That analysis supported the use of stock referents for assessing joint venture performance but highlighted the fundamental differences between intended and realized strategies. |
| Related Links | http://dspace.mit.edu/bitstream/1721.1/48283/1/jointventureform91kohj.pdf |
| Ending Page | 892 |
| Page Count | 24 |
| Starting Page | 869 |
| ISSN | 00014273 |
| e-ISSN | 19480989 |
| DOI | 10.2307/256393 |
| Journal | Academy of Management Journal |
| Issue Number | 4 |
| Volume Number | 34 |
| Language | English |
| Publisher | Duke University Press |
| Access Restriction | Open |
| Subject Keyword | Joint Ventures Strategic Alliances (business) Information Technology Strategic Planning Industrial Management Financial Performance Interorganizational Relations Market Value Organizational Behavior Management Research |
| Content Type | Text |
| Resource Type | Article |
| Subject | Business and International Management Strategy and Management Management of Technology and Innovation |
