Research paper on the topic of how do international joint ventures create shareholders value?
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International joint ventures (IJVs) have been found to create shareholder value, although the extent of value creation varies. Agency theory suggests that managers may be motivated by their own utility rather than solely maximizing firm value . The reaction of firms listed on developed country stock markets to joint venture announcements of emerging market partners indicates that IJVs can drive value creation . However, there is still a need for more research to fully understand the factors that influence value creation in IJVs . Factors such as resource complementarity, cultural differences, and inter-partner interactions have been found to impact value creation in IJVs . In the case of Australian firms, the wealth gains associated with domestic and international joint ventures are influenced by factors such as firm size, industrial sector, and type of joint venture . Overall, international joint ventures have the potential to create shareholder value, but the specific factors influencing value creation may vary depending on the context.
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Open access•Journal Article 2 Citations | The provided paper examines the shareholder wealth effects of domestic and international joint ventures in Australia, but it does not specifically address how international joint ventures create shareholder value. |
01 Jan 2017 3 Citations | The provided paper discusses the factors that influence value creation in international joint ventures, but it does not specifically address how international joint ventures create shareholder value. |
| The provided paper does not specifically address the topic of how international joint ventures create shareholder value. | |
06 Mar 2019 | The provided paper discusses the reaction of firms listed on developed stock exchanges to announcements of international joint ventures, but it does not specifically address how international joint ventures create shareholder value. |
1 Citations | The paper discusses the effects of international joint venture formation on shareholder value, highlighting that shareholder returns are influenced by managerial ownership, free cash flow, and the interaction between leverage and free cash flow. |
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