Market value impact of joint ventures: the effect of industry information-processing load
Article Abstract:
Previous studies of the market value impact of announcements of joint ventures have not considered industry effects. We suggest that the impact of such announcements varies with the information-processing load associated with analyzing events in the relevant industry. An event study analysis based on a stratified sample of 108 announcements in three industry groups, one with a light, one with a moderate, and one with a heavy information-processing load, confirmed this hypothesis. We examine implications for a signaling perspective on joint venture announcements. (Reprinted by permission of the publisher.)
Publication Name: Academy of Management Journal
Subject: Business, general
ISSN: 0001-4273
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
The evolution of interfirm networks: Environmental effects on patterns of network change
Article Abstract:
A framework is developed examining the relationships between environmental change and patterns of network change, and four patterns of network change are proposed across four environmental change scenarios. Since network evolution is the result of both environmental context and strategic action, strategic orientation is incorporated as a moderator.
Publication Name: Academy of Management Review
Subject: Business, general
ISSN: 0363-7425
Year: 2006
User Contributions:
Comment about this article or add new information about this topic:
Cooperative networks and competitive dynamics: a structural embeddedness perspective
Article Abstract:
Cooperation and competition within an organization are discussed.
Publication Name: Academy of Management Review
Subject: Business, general
ISSN: 0363-7425
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Management policies to improve the effectiveness of multi-station service orgnizations. Risk-averse decisions in business planning
- Abstracts: Foreign ownership in Chinese joint ventures: a transaction cost analysis. FDI location at the subnational level: a study of EJVs in China
- Abstracts: The value of using scheduling information in planning material requirements. The effect of lead time uncertainty on safety stocks
- Abstracts: Market signals and relative preference: The moderating effects of conflicting information, decision focus, and need for cognition
- Abstracts: A comparison of bottling alternatives in the pharmaceutical industry. Strategy, uncertainty and the focused factory in international process manufacturing