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題名 The Wealth Effect of Japanese-U.S. Strategic Alliances
作者 Chang, Shao-Chi
陳聖賢
Chen, Sheng-Syan
Lai, Rong-Her
貢獻者 財管系
日期 2008
上傳時間 15-Jun-2018 11:56:09 (UTC+8)
摘要 We investigate the wealth impact for Japanese and US firms that announce nonequity strategic alliances. We find that on average, both Japanese and US shareholders benefit from the formation of international alliances. We also find that shareholders earn larger abnormal returns in these alliances when the partnering firms are relatively small in size, have higher growth opportunities, or are less profitable. We show that both Japanese and US partnering firms display significant improvements in operating performance over the three-year period subsequent to the formation of international alliances.
關聯 Financial Management, Vol.37, No.2, pp.271-301
資料類型 article
DOI https://doi.org/10.1111/j.1755-053X.2008.00013.x
dc.contributor 財管系zh_TW
dc.creator (作者) Chang, Shao-Chien_US
dc.creator (作者) 陳聖賢zh_TW
dc.creator (作者) Chen, Sheng-Syanen_US
dc.creator (作者) Lai, Rong-Heren_US
dc.date (日期) 2008
dc.date.accessioned 15-Jun-2018 11:56:09 (UTC+8)-
dc.date.available 15-Jun-2018 11:56:09 (UTC+8)-
dc.date.issued (上傳時間) 15-Jun-2018 11:56:09 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/117776-
dc.description.abstract (摘要) We investigate the wealth impact for Japanese and US firms that announce nonequity strategic alliances. We find that on average, both Japanese and US shareholders benefit from the formation of international alliances. We also find that shareholders earn larger abnormal returns in these alliances when the partnering firms are relatively small in size, have higher growth opportunities, or are less profitable. We show that both Japanese and US partnering firms display significant improvements in operating performance over the three-year period subsequent to the formation of international alliances.en_US
dc.format.extent 227316 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Financial Management, Vol.37, No.2, pp.271-301zh_TW
dc.title (題名) The Wealth Effect of Japanese-U.S. Strategic Alliancesen_US
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.1111/j.1755-053X.2008.00013.x
dc.doi.uri (DOI) https://doi.org/10.1111/j.1755-053X.2008.00013.x