From Hybrids to Hierarchies : Shareholder Wealth Effects of Joint Venture Partner Buyouts  

Oleh:

Reuer, Jeffrey J.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 22 no. 1 (2001), page 27-44.
Topik: joint venture; joint venture termination; international joint ventures; strategic alliances; shareholder value

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.7 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This study examines the parent firm performance implications of joint venture (JV) partner - buyouts, which involve the conversion of a hybrid governance structure to an internal unit within the firm's hierarchy. Transaction cost theory, as developed and applied in the international literature and market entry research, is extended to the post - entry investment setting to isolate sources of value creation or dissipation from the governance changes effected by JV partner buyouts. The evidence complements recent research on JV longevity and its determinants.

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