search query: @author Häussler, C. / total: 1
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| Author: | Häussler, C. |
| Title: | When does partnering create market value? |
| Journal: | European Management Journal
2006 : FEB, VOL. 24:1, p. 1-15 |
| Index terms: | alliances valuation stock markets theories |
| Freeterms: | partnerships |
| Language: | eng |
| Abstract: | Using event study methodology, this paper tests whether stock market (hereafter as: s-mkt.) reactions differ with an announcement (here as: ann./anns.) of alliance formation (as: frm.) or termination (as: trm). In addition, provided is an in-depth analysis of potential determinants of s-mkt. reactions. The results show that theories of transaction costs and signaling provide predictive power explaining the effects of frm. and trm. anns. However, the theories propose contradicting effects as to the impact of firm and alliance characteristics on the value mark-up. |
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