Earticle

초록

영어

An investigation on the shareholder value effects of 233 joint venture announcements of Dutch public companies was made in the period 1987 till 1998. The research shows that, on average, establishing joint ventures has a positive effect on the market value of Dutch companies. The results indicate that joint ventures are preferred when a company is under pressure. It also shows that the factors of strategic intention, the environment in which the strategy is unfolded and the extent to which the company has control over the implementation strongly explains the extent to which a joint venture can create value.

목차

Abstract
 I. Introduction
 II. Data and Methodology and Results
  1. Data
  2. Methodology
 III. Results
  1. Results of the Event study
  2. Impact of the joint venture strategy on CAR
  3. Joint venture strategy
  4. Control variables
  5. Autonomous relationships
  6. Estimated functions and testing results
 IV. Summary and Conclusions
  1. Strategy Content
  2. Strategy Context
  3. Strategy Conrol
 References
 List of Table

키워드

저자

• Jai Woong Lee [ Visiting Professor Vreije Unversiteit Amsterdam ]

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  한국재무학회 학술대회

• 간기

  부정기

• 수록기간

  2006~2024

• 십진분류

  KDC 325 DDC 330