Before and After The Technology Sector Crash : The Effect of Environmental Munificence on Stock Market Response to Alliances of E-Commerce Firms  

Oleh:

Mezias, John M. ; Park, Namgyoo K.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 26 no. 11 (Nov. 2005), page 987-1008.
Topik: e-commerce; e-commerce alliances; environmental munificence; environmental jolt

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.20 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

We treat the sudden technology sector crash as a natural experiment to investigate how dramatic changes in resource avaliability in the e - commerce sector affect stock market response to interfirm alliances. This environmental jolt demarcated two distincly different periods of e - commerce resource munificence : pre - crash, characterized by high munificence and post - crash, characterized by low munificence. Using dat aon alliances involving 75 e - commerce firms from 1995 to 2001, we find that the stock market response to alliance partner and type is also affected by the change in environmental munificence between the two periods. Our findings demonstrate the importance of environmental conditions and how these affect stock market interpretation of signals inherent in alliance announcements.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali