search query: @author Johnson, S. / total: 9
reference: 3 / 9
| Author: | Johnson, S. Houston, M. |
| Title: | A reexamination of the motives and gains in joint ventures |
| Journal: | Journal of Financial and Quantitative Analysis
2000 : MAR, VOL. 35:1, p. 67-86 |
| Index terms: | FINANCIAL ANALYSIS QUANTITY JOINT STOCK COMPANIES |
| Language: | eng |
| Abstract: | The authors distinguish between horizontal and vertical joint ventures, and find correspondingly different valuation effects. Horizontal joint ventures create synergistic gains that are shared by the partners. In contrast, vertical joint ventures generate gains only for suppliers. This is similar to the pattern the authors find for simple contracts, which suggests economic similarities between vertical joint ventures and contracts. |
SCIMA