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Tekijä: | Hanvanich, S. Cavusgil, S. T. |
Otsikko: | Stock market reactions to international joint venture announcement: an event analysis |
Lehti: | International Business Review
2001 : APR, VOL. 10:2, p. 139-154 |
Asiasana: | Stock markets Joint business ventures Event studies |
Kieli: | eng |
Tiivistelmä: | This study examines shareholder value creation in the context of international joint venture by investigating stock market reactions to the announcements of international joint venture formations made over 14 years (1985-98). The results show that the announcements containing information about the international joint venture formations are associated with positive market reactions and, interestingly, these positive effects are also evident a few days prior to the accouncement. |
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