Asymmetric information and joint venture performance : Theory and evidence for domestic and international joint ventures

By Jeffrey J. Reuer, M. Koza. 2000

283 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/c00d2ed5c85fff533e3e30ff0feb55090031d05b

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Citations in the corpus

The Performance Implications of Timing of Entry and Involvement in Multipartner Alliances (2007, unknown): “…alliance literature that has examined differential benefits to partners (Khanna et al., 1998; Koh & Venkatraman, 1991; McConnell & Nantell, 1985; Park & Kim, 1997; Reuer & Koza, 2000) has concentrated on dyadic alliances and ex ante measures of stock market returns to alliance announcements.”
International Joint Ventures and the Value of Growth Options (2008, background): “…growth option value (GOV) as the value of growth options (VGO), stated as a percentage of the market value (V): Growth option value VGO/V (V VAIP)/V (V current earnings/discount rate)/V. (2) Kester found that many firms have growth option values over 50 percent and as high as around 90 percent.”
External Technology Sourcing Through Alliances or Acquisitions: An Analysis of the Application-Specific Integrated Circuits Industry (2002, background): “One approach focuses mainly on the problem of evaluating a possible candidate for acquisition (Balakrishnan and Koza 1993, Reuer and Koza 2000 ).”
Board Characteristics, Managerial Incentives, and the Choice Between Foreign Acquisitions and International Joint Ventures (2009, background): “An acquisition requires an accurate assessment of target firm value; however, information asymmetry makes such valuation particularly difficult (Balakrishnan & Koza, 1993; Reuer & Koza, 2000).”
Determinants of the share of equity sought in cross-border acquisitions (2009, unknown): “Following prior work by Reuer and Koza (2000) on information asymmetries, we measured whether the local firm was from the same or a different industry by comparing the primary SICs of the US firm and the local firm at the three-digit level.”
Adverse Selection and M&A Design: The Roles of Alliances and Ipos (2008, unknown): “7 Prior research that has attended to the ex ante exchange hazards in M&A markets emphasizes that alternative governance structures such as alliances are preferable when the risk of adverse selection is significant (Balakrishnan and Koza, 1993; Reuer and Koza, 2000), but this work has not focused on”
Learning to internationalise: the pace and success of foreign acquisitions (2007, background): “The results are consistent with the idea that joint venture experience benefits later foreign acquisitions, and that substitution effect exists between international joint ventures and international acquisitions as a way of entering foreign countries (Chi, 1994; Hennart and Reddy, 1997; Reuer and Ko”
Agency Hazards and Alliance Portfolios (2006, background): “It is noteworthy that most of firms’ international joint venture investments occur outside of their primary lines of business (Balakrishnan & Koza, 1993; Reuer & Koza, 2000; Stopford & Wells, 1972).”
Strategic alliance contracts: dimensions and determinants of contractual complexity (2007, background): “…alliances; organizational governance; contracts; trust; transaction cost economics *Correspondence to: Jeffrey J. Reuer, Kenan-Flagler Business School, University of North Carolina, McColl Building, Chapel Hill, NC 27599, U.S.A. E-mail: reuer@unc.edu 1991; Teece, 1992; Reuer and Koza, 2000)?”
Do cross-border acquisitions create value? Evidence from overseas acquisitions by Chinese firms (2016, background): “Cultural distance also affects post-acquisition integration (Reuer & Koza, 2000).”
Alliance capability, stock market response, and long‐term alliance success: the role of the alliance function (2002, result): “We recognize this as an important limitation in some respects, since we know from prior research that important transaction-level attributes such as governance structures (Kogut, 1989), information asymmetries ( Reuer and Koza, 2000 ), level of interpartner trust (Kale et al., 2000), etc.”