@Article{mfj:737,
title={Shareholders Wealth Effects of Joint Venture Strategies},
author={Gertjan Schut and Ruud van Frederikslust},
journal={Multinational Finance Journal},
volume={8},
number={3/4},
pages={211--225},
year=2004,
publisher={Multinational Finance Society; Global Business Publications},
url={http://www.mfsociety.org/../modules/modDashboard/uploadFiles/journals/MJ~716~p16tnansnj157018hhdesan1qsr4.pdf}
keywords={oint venture strategy; event studies; shareholders value},
abstract={We investigate the shareholder wealth effects of 233 joint venture announcements of Dutch public companies in the period 1987 till 1998. The research shows that, on average, establishing joint ventures has a positive effect on the market value of Dutch companies. Using the strategic characteristics of joint ventures it is possible to explain and understand these wealth effects. Our research shows that the factors of strategic intention, the context in which the strategy is unfolded and the extent to which the company has control over the implementation strongly explains the extent to which a joint venture can create value.},
}