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New evidence on factors that influence the wealth effects of international joint ventures

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  • Borde, Stephen F.
  • Whyte, Ann Marie
  • Wiant, Kenneth J.
  • Hoffman, Lorrie L.

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  • Borde, Stephen F. & Whyte, Ann Marie & Wiant, Kenneth J. & Hoffman, Lorrie L., 1998. "New evidence on factors that influence the wealth effects of international joint ventures," Journal of Multinational Financial Management, Elsevier, vol. 8(1), pages 63-77, January.
    • Handle: RePEc:eee:mulfin:v:8:y:1998:i:1:p:63-77
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    References listed on IDEAS

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    1. Gray, Jean M. & Gray, H. Peter, 1981. "The multinational bank: A financial MNC?," Journal of Banking & Finance, Elsevier, vol. 5(1), pages 33-63, March.
    2. Jensen, Michael C, 1986. "Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers," American Economic Review, American Economic Association, vol. 76(2), pages 323-329, May.
    3. Kenneth A. Froot & Jeremy C. Stein, 1991. "Exchange Rates and Foreign Direct Investment: An Imperfect Capital Markets Approach," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(4), pages 1191-1217.
    4. Haiyang Chen & Michael Y. Hu & Joseph C. P. Shieh, 1991. "The Wealth Effect of International Joint Ventures: The Case of U.S. Investment in China," Financial Management, Financial Management Association, vol. 20(4), Winter.
    5. Claire Crutchley & Enyang Guo & Robert S. Hansen, 1991. "Stockholder Benefits From Japanese-U.S. Joint Ventures," Financial Management, Financial Management Association, vol. 20(4), Winter.
    6. Abel, Andrew B & Blanchard, Olivier J, 1986. "The Present Value of Profits and Cyclical Movements in Investment," Econometrica, Econometric Society, vol. 54(2), pages 249-273, March.
    7. Lee, Insup & Wyatt, Steve B, 1990. "The Effects of International Joint Ventures on Shareholder Wealth," The Financial Review, Eastern Finance Association, vol. 25(4), pages 641-649, November.
    8. Errunza, Vihang R. & Rosenberg, Barr, 1982. "Investment in Developed and Less Developed Countries," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 17(5), pages 741-762, December.
    9. Harris, Robert S & Ravenscraft, David, 1991. "The Role of Acquisitions in Foreign Direct Investment: Evidence from the U.S. Stock Market," Journal of Finance, American Finance Association, vol. 46(3), pages 825-844, July.
    10. Brown, Stephen J. & Warner, Jerold B., 1985. "Using daily stock returns : The case of event studies," Journal of Financial Economics, Elsevier, vol. 14(1), pages 3-31, March.
    11. Doukas, John & Travlos, Nickolaos G, 1988. " The Effect of Corporate Multinationalism on Shareholders' Wealth: Evidence from International Acquisitions," Journal of Finance, American Finance Association, vol. 43(5), pages 1161-1175, December.
    12. Waheed, Amjad & Mathur, Ike, 1995. "Wealth effects of foreign expansion by U.S. banks," Journal of Banking & Finance, Elsevier, vol. 19(5), pages 823-842, August.
    13. Ike Mathur & Kyran Hanagan, 1983. "Are Multinational Corporations Superior Investment Vehicles for Achieving International Diversification?," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 14(3), pages 135-146, September.
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    Cited by:

    1. Edward Jones & Jo Danbolt, 2004. "Joint venture investments and the market value of the firm," Applied Financial Economics, Taylor & Francis Journals, vol. 14(18), pages 1325-1331.
    2. Gertjan Schut & Ruud van Frederikslust, 2004. "Shareholders Wealth Effects of Joint Venture Strategies," Multinational Finance Journal, Multinational Finance Journal, vol. 8(3-4), pages 211-225, september.
    3. Barbopoulos, Leonidas & Marshall, Andrew & MacInnes, Cameron & McColgan, Patrick, 2014. "Foreign direct investment in emerging markets and acquirers’ value gains," International Business Review, Elsevier, vol. 23(3), pages 604-619.
    4. Kim Woohyoung & Hyun Kim & Jinsoo Hwang, 2020. "Transnational Corporation’s Failure in China: Focus on Tesco," Sustainability, MDPI, vol. 12(17), pages 1-11, September.
    5. Gleason, Kimberly C. & Lee, Chun I & Mathur, Ike, 2002. "Dimensions of international expansions by US firms to China: Wealth effects, mode selection, and firm-specific factors," International Review of Economics & Finance, Elsevier, vol. 11(2), pages 139-154, May.

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