IDEAS home Printed from https://ideas.repec.org/a/idi/jiedee/v14y2008i3p185-201.html

Los Acuerdos De Cooperación De Las Empresas Que Cotizan En Bolsa: Análisis Del Caso Español / Alliances In Spain: Evidence From Stock Market Firms

Author

Listed:
  • González Serrano, L.

    (Universidad Rey Juan Carlos I (España))

  • Laguna Sánchez, M.P.

    (Universidad Rey Juan Carlos I (España))

  • Robles Fernández, M.D

    (Universidad Complutense de Madrid (España))

Abstract

Este trabajo examina 2486 acuerdos de cooperación firmados por las empresas que cotizan en el mercado continuo español entre 1990 y 2002. Para ello, se analizan sus características más relevantes: sector de actividad; lugar donde se lleva a cabo; número de socios; si se trata de empresas españolas o extranjeras y su nacionalidad; participación de entidades gubernamentales; área funcional del acuerdo; su carácter vertical, competitivo o complementario; tipo de alianza; forma legal y si existe notificación a la CNMV. Así, se ofrece una amplia visión de la las alianzas establecidas por las empresas españolas más relevantes. / This work examines 2486 cooperative arrangement announcements signed by firms that quote in the Spanish stock market during the period 1990-2002. To investigate, its more prominent characteristics are analyzed: sector of activity of the signatory companies; if the agreement is going to carry out in Spain or abroad; number of partners (and their nationality); governmental participation; value chain area in which the agreement is developed; their vertical, competitive or complementary character; alliance typology; legal implementation and if notification to the National Commission of the Stock Market exists. This way, an extensive vision of the reality of the alliances established by the most prominent companies of the Spanish panorama is offered.

Suggested Citation

  • González Serrano, L. & Laguna Sánchez, M.P. & Robles Fernández, M.D, 2008. "Los Acuerdos De Cooperación De Las Empresas Que Cotizan En Bolsa: Análisis Del Caso Español / Alliances In Spain: Evidence From Stock Market Firms," Investigaciones Europeas de Dirección y Economía de la Empresa (IEDEE), Academia Europea de Dirección y Economía de la Empresa (AEDEM), vol. 14(3), pages 185-201.
    • Handle: RePEc:idi:jiedee:v:14:y:2008:i:3:p:185-201
    as

    Download full text from publisher

    File URL: http://www.aedem-virtual.com/articulos/iedee/v14/143185.pdf
    File Function: complete text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. 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.
    2. Ueng, C. Joe & Kim, Seung H. & Lee, C. Christopher, 2000. "The impact of firm's ownership advantages and economic status of destination country on the wealth effects of international joint ventures," International Review of Financial Analysis, Elsevier, vol. 9(1), pages 67-76, February.
    3. Ragnar Löfstedt, 2003. "Editorial," Journal of Risk Research, Taylor & Francis Journals, vol. 6(1), pages 1-1, January.
    4. Deeds, David L. & Hill, Charles W. L., 1996. "Strategic alliances and the rate of new product development: An empirical study of entrepreneurial biotechnology firms," Journal of Business Venturing, Elsevier, vol. 11(1), pages 41-55, January.
    5. Seung Ho Park & Michael V. Russo, 1996. "When Competition Eclipses Cooperation: An Event History Analysis of Joint Venture Failure," Management Science, INFORMS, vol. 42(6), pages 875-890, June.
    6. Michel Delapierre, 1991. "Les accords inter-entreprises, partage ou partenariat ? - Les stratégies des groupes européens du traitement de l'information," Revue d'Économie Industrielle, Programme National Persée, vol. 55(1), pages 135-161.
    7. M. Grubb, 2003. "Editorial," Climate Policy, Taylor & Francis Journals, vol. 3(3), pages 189-190, September.
    8. Bharat N. Anand & Tarun Khanna, 2000. "Do firms learn to create value? The case of alliances," Strategic Management Journal, Wiley Blackwell, vol. 21(3), pages 295-315, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Meschi, Pierre-Xavier, 2004. "Valuation effect of international joint ventures: does experience matter?," International Business Review, Elsevier, vol. 13(5), pages 595-612, October.
    2. Müller, Dirk, 2010. "Alliance Coordination, Dysfunctions, and the Protection of Idiosyncratic Knowledge in Strategic Learning Alliances," EconStor Preprints 41039, ZBW - Leibniz Information Centre for Economics.
    3. Pierre-Xavier Meschi & Jérôme Hubler, 2002. "Alliances internationales, accumulation d'expérience et création de valeur pour les actionnaires:le cas des coentreprises sino-françaises," Revue Finance Contrôle Stratégie, revues.org, vol. 5(3), pages 169-194, September.
    4. Lee, Hyunchul & Kim, Dukyong & Seo, Minkyo, 2013. "Market valuation of marketing alliances in East Asia: Korean evidence," Journal of Business Research, Elsevier, vol. 66(12), pages 2492-2499.
    5. Cristina López-Duarte & Marta Vidal-Suárez, 2008. "Foreign direct investment through partial acquisitions: hostage effect or conflicts enhancement," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 12(3), pages 287-308, August.
    6. Chen, Jun & King, Tao-Hsien Dolly & Wen, Min-Ming, 2015. "Do joint ventures and strategic alliances create value for bondholders?," Journal of Banking & Finance, Elsevier, vol. 58(C), pages 247-267.
    7. Li, Dan, 2013. "Multilateral R&D alliances by new ventures," Journal of Business Venturing, Elsevier, vol. 28(2), pages 241-260.
    8. Heimeriks, K. & Duysters, G.M., 2004. "A study into the alliance capability development process," Working Papers 04.21, Eindhoven Center for Innovation Studies.
    9. Hsu, Wen-yi & Shih, Stone, 2013. "From hybrid TV towards transmedia: Recent marketing advances of the New Media developments," 24th European Regional ITS Conference, Florence 2013 88502, International Telecommunications Society (ITS).
    10. Melissa A. Schilling & Corey C. Phelps, 2007. "Interfirm Collaboration Networks: The Impact of Large-Scale Network Structure on Firm Innovation," Management Science, INFORMS, vol. 53(7), pages 1113-1126, July.
    11. Pangarkar, Nitin & Yuan, Lin & Hussain, Sairah, 2017. "Too much of a good thing? Alliance portfolio size and alliance expansion," European Management Journal, Elsevier, vol. 35(4), pages 477-485.
    12. Shivaram V. Devarakonda & Brian T. McCann & Jeffrey J. Reuer, 2018. "Marshallian Forces and Governance Externalities: Location Effects on Contractual Safeguards in Research and Development Alliances," Organization Science, INFORMS, vol. 29(6), pages 1112-1129, December.
    13. Ng, Desmond W., . "Thinking Outside the Box: An Absorptive Capacity Approach to the Product Development Process," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 14(3), pages 1-28.
    14. McCarthy, Killian J & Aalbers, Hendrik Leendert, 2022. "Alliance-to-acquisition transitions: The technological performance implications of acquiring one's alliance partners," Research Policy, Elsevier, vol. 51(6).
    15. Fabio Sorrentino & Francesco Garraffo, 2012. "Explaining performing R&D through alliances: Implications for the business model of Italian dedicated biotech firms," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 16(3), pages 449-475, August.
    16. Heimeriks, K., 2002. "Alliance Capability, Collaboration Quality, and Alliance Performance: An Integrated Framework," Working Papers 02.05, Eindhoven Center for Innovation Studies.
    17. Jaeho Kim & Andy Wu, 2019. "Extending the role of headquarters beyond the firm boundary: entrepreneurial alliance innovation," Journal of Organization Design, Springer;Organizational Design Community, vol. 8(1), pages 1-35, December.
    18. T. K. Das & Bing-Sheng Teng, 2000. "Instabilities of Strategic Alliances: An Internal Tensions Perspective," Organization Science, INFORMS, vol. 11(1), pages 77-101, February.
    19. Pierre-Xavier Meschi, 2009. "Government corruption and foreign stakes in international joint ventures in emerging economies," Asia Pacific Journal of Management, Springer, vol. 26(2), pages 241-261, June.
    20. Maria Di Guardo & Kathryn Harrigan, 2012. "Mapping research on strategic alliances and innovation: a co-citation analysis," The Journal of Technology Transfer, Springer, vol. 37(6), pages 789-811, December.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:idi:jiedee:v:14:y:2008:i:3:p:185-201. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tony Crespo Franco The email address of this maintainer does not seem to be valid anymore. Please ask Tony Crespo Franco to update the entry or send us the correct address (email available below). General contact details of provider: http://www.aedem-virtual.com/es/journal/iedee .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.