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Market Value Impact of Joint Ventures: The Effect of Industry Information-Processing Load

✍ Scribed by Ravindranath Madhavan and John E. Prescott

Book ID
123727162
Publisher
Academy of Management
Year
1995
Tongue
English
Weight
330 KB
Volume
38
Category
Article
ISSN
0001-4273

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This paper examines whether differences in investment opportunities and corporate ownership structure can explain the disparate findings of other researchers with regard to the market's price reaction to the announcement of international joint ventures. We study a sample of 320 joint ventures announ