Joint venture formations and stock market reactions: an assessment in the information technology sector

Article Abstract:

This study examined the impact of joint venture formation strategies on the market value of parent firms in the information technology sector using an event-study perspective. We found that (1) announcements of joint venture formations generally increased market value, (2) ex post, joint ventures were superior to three other cooperative mechanisms, and (3) the magnitude and significance of market valuations differed across types of joint venture strategies. Further, the impact of announcements and managerial assessments of joint ventures' contributions had a positive, significant relationship for a subgroup of firms. That analysis supported the use of stock referents for assessing joint venture performance but highlighted the fundamental differences between intended and realized strategies. (Reprinted by permission of the publisher.)

Electronic computers, Prepackaged software, Computer software industry, Computer industry, Software industry, Prices and rates, Stocks, Securities, Joint ventures, Stock prices

---

Preferential linkage and network evolution: A conceptual model and empirical test in the US video game sector

Article Abstract:

The way in which network structure and technology characteristics of a platform shaped the interorganizational coordination of product launch in the US video game industry is examined. It is found that the developers' choices to launch games for particular game consoles are significantly explained by the four factors of density overlap, embeddedness, dominance and newness using multiprobability regression on a primary data set of 2,815 launches between 1995 and 2002.

United States, Science & research, Games, toys, and children's vehicles, Research, Analysis, Video game industry, Video games industry, New products, Product introduction, New technique, Business networks (Social groups)

---

Safeguarding investments in asymmetric interorganizational relationships: theory and evidence

Article Abstract:

The economic aspects of intangible assets in supplier-retailer relationships are discussed.

Strategy & planning, Retail Trade, Management dynamics, Capital funds & cash flow, Management, Planning, Economic aspects, Retail industry, Capital investments, Valuation, Company business management, Intangible property, Intangible assets, Industrial suppliers, Company business planning, Capital investment

Similar abstracts:

• Abstracts: Managers, technology and market forces. Gaining competitive advantage from information technology. Strategy and organization
• Abstracts: Intel CEO says Asia must invest more in information technology for growth. Looser controls sought on cryptographic codes
• Abstracts: Decision making in an organizational setting: cognitive and organizational influences on risk assessment in commercial lending
• Abstracts: The validity of idiographic research explanations. Conflicting uses of metaphors: reconceptualizing their use in the field or organizational change
• Abstracts: Electronic bulletin boards help businesses post success; small firms link up via computer and swap tips across the nation

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.