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題名 Is Experience Valuable in International Strategic Alliances?
作者 陳聖賢
Lai, Jung-Ho
Chang, Shao-Chi
Chen, Sheng-Syan
貢獻者 財管系
關鍵詞 International alliances. Experience; Non-equity; Stock returns; Operating performance
日期 2010
上傳時間 11-Jun-2018 16:57:45 (UTC+8)
摘要 This study investigates whether firms benefit from prior alliance experiences as they undertake international strategic alliances. Different from previous studies that mostly focus on equity joint ventures, this study investigates non-equity alliances. This specific investigation is essential, because the complexity and uncertainty associated with such alliances potentially magnify the benefits of experiential learning. With a sample of 629 international, non-equity alliances formed by US firms, our results confirm the contribution of ISA experience in general, as well as that of experience specific to partner`s country of origin and alliance activity type. The results also reveal a contingent benefit of ISA experiences, where experience of technological cooperation and experience with alliance partners from emerging countries both add more to firm value. We derive consistent evidence, as performance is assessed either by the market`s perception of ISA value creation, or by the post announcement operating earnings in practice.
關聯 Journal of International Management, Vol.16, No.3, pp.247-261
資料類型 article
DOI http://dx.doi.org/10.1016/j.intman.2010.06.004
dc.contributor 財管系zh_TW
dc.creator (作者) 陳聖賢zh_TW
dc.creator (作者) Lai, Jung-Hoen_US
dc.creator (作者) Chang, Shao-Chien_US
dc.creator (作者) Chen, Sheng-Syanen_US
dc.date (日期) 2010
dc.date.accessioned 11-Jun-2018 16:57:45 (UTC+8)-
dc.date.available 11-Jun-2018 16:57:45 (UTC+8)-
dc.date.issued (上傳時間) 11-Jun-2018 16:57:45 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/117540-
dc.description.abstract (摘要) This study investigates whether firms benefit from prior alliance experiences as they undertake international strategic alliances. Different from previous studies that mostly focus on equity joint ventures, this study investigates non-equity alliances. This specific investigation is essential, because the complexity and uncertainty associated with such alliances potentially magnify the benefits of experiential learning. With a sample of 629 international, non-equity alliances formed by US firms, our results confirm the contribution of ISA experience in general, as well as that of experience specific to partner`s country of origin and alliance activity type. The results also reveal a contingent benefit of ISA experiences, where experience of technological cooperation and experience with alliance partners from emerging countries both add more to firm value. We derive consistent evidence, as performance is assessed either by the market`s perception of ISA value creation, or by the post announcement operating earnings in practice.en_US
dc.format.extent 378728 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Journal of International Management, Vol.16, No.3, pp.247-261zh_TW
dc.subject (關鍵詞) International alliances. Experience; Non-equity; Stock returns; Operating performanceen_US
dc.title (題名) Is Experience Valuable in International Strategic Alliances?en_US
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.1016/j.intman.2010.06.004
dc.doi.uri (DOI) http://dx.doi.org/10.1016/j.intman.2010.06.004