Do firms learn to create value? The case of alliances

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...

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Veröffentlicht in:	Strategic management journal 2000-03, Vol.21 (3), p.295-315
Hauptverfasser:	Anand, Bharat N., Khanna, Tarun
Format:	Artikel
Sprache:	eng
Schlagworte:	Alliances Ambiguity Business structures Corporate strategies Enterprises Hypotheses Joint ventures Learning Learning experiences Licenses Licensing Management Marketing Partnership agreements Statistical significance Stock returns Value creation Ventures Wealth effect
Online-Zugang:	Volltext
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