International Joint Venture: An Analysis of the Effect of Joint Venture Formation on Shareholder Wealth
Description:
The purpose of the study is to empirically investigate the effect of international joint venture formation on shareholder wealth. The period under investigation was from 1972 to 1987. Based on the theoretical and empirical researches done in this area, several hypotheses were tested. The statistical significance of the capital market reation to the joint venture formations was examined by using the standard event study methodology. The Ordinary Least Squares method was used to estimate the coef…
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Date:
May 1991
Creator:
Sakullelarasm, Phornchai
Partner:
UNT Libraries