Do firms learn to create value? The case
β
Bharat N. Anand; Tarun Khanna
π
Article
π
2000
π
John Wiley and Sons
π
English
β 137 KB
We investigate whether firms learn to manage interfirm alliances as experience accumulates. We use contract-specific experience measures in a data set of over 2000 joint ventures and licensing agreements, and value creation measures derived from the abnormal stock returns surrounding alliance announ