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Partner selection for joint-venture agreements

✍ Scribed by R G Williams; M M Lilley

Publisher
Elsevier Science
Year
1993
Tongue
English
Weight
756 KB
Volume
11
Category
Article
ISSN
0263-7863

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We provide theory and evidence regarding the signaling effects of joint venture (JV) announcements. We argue that when a firm characterized by information asymmetry with respect to the stock market announces a JV, the growth opportunities and the quality of resources of the __partner__ provides a si