The Opportunity for Re-inventing Corporate Governance in Joint Venture Companies

Growth opportunities, corporate governan

Growth opportunities, corporate governance and the market value of multinational joint ventures

✍ Michael A. Fröhls; Art Keown; Mark McNabb; John Martin 📂 Article 📅 1998 🏛 John Wiley and Sons 🌐 English ⚖ 129 KB 👁 2 views

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