Analyzing joint ventures as corporate control activity

Journal of Banking and Finance

Volumn 31, Issue 8, 2007, Pages 2365-2382

  Slovin, Myron B ^a   Sushka, Marie E ^a,b   Mantecon, Tomas P ^c  

^a HEC PARIS   (France)

^b ARIZONA STATE UNIVERSITY   (United States)

^c UNIVERSITY OF NEVADA   (United States)

Author keywords

Asset sale; Joint venture; Merger

Indexed keywords

EID: 34447644404     PISSN: 03784266     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jbankfin.2006.09.009     Document Type: Article

References (24)

1. Alexander G., Benson P., and Kampmeyer J. Investigating the valuation effects of announcements of voluntary corporate selloffs. Journal of Finance 39 (1984) 503-517
2. Bhattacharyya S., and Lafontaine F. Double sided moral hazard and the nature of share contracts. Rand Journal of Economics 26 (1995) 761-781
3. Berger P., and Ofek E. Diversification's effect on firm value. Journal of Financial Economics 37 (1995) 39-65
4. Bradley M., Desai A., and Kim E.H. Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms. Journal of Financial Economics 21 (1988) 3-40
5. Byrd J., and Hickman K. Do outside directors monitor managers? Evidence from tender offer bids. Journal of Financial Economics 32 (1992) 195-222
6. Chemla, G., Habib, M., Ljungqvist, A., 2002. An economic analysis of private agreements. Working Paper, University of British Columbia.
7. Darrough M., and Stoughton N. A bargaining approach to profit sharing in joint ventures. Journal of Business 62 (1989) 237-270
8. Dussauge P., and Garrette B. Cooperative Strategy (1999), John Wiley, Chichester
9. Eckbo B. Horizontal mergers, collusion, and stockholder wealth. Journal of Financial Economics 11 (1983) 241-273
10. Eckbo B. Mergers and the market concentration doctrine. Journal of Business 58 (1985) 325-349
11. Hite G., Owers J., and Rogers R. The market for interfirm asset sales: Partial sell-offs and total liquidations. Journal of Financial Economics 18 (1987) 229-252
12. Jain P. The effect of voluntary sell-off announcements on shareholder wealth. Journal of Finance 40 (1985) 209-224
13. Jensen M. Agency costs of free cash flow, corporate finance, and takeovers. American Economic Review 76 (1986) 323-329
14. John K., and Ofek E. Asset sales and increase in focus. Journal of Financial Economics 37 (1995) 105-126
15. Johnson S., and Houston M. A reexamination of the motives and gains in joint ventures. Journal of Financial and Quantitative Analysis 35 (2000) 67-85
16. Lang L., and Stulz R. Tobin's "Q", corporate diversification, and firm performance. Journal of Political Economy 102 (1994) 1248-1280
17. Maksimovic V., and Phillips G. The market for corporate assets: Who engages in mergers and asset sales and are there efficiency gains?. Journal of Finance 56 (2001) 2020-2065
18. McConnell J., and Nantell T. Corporate combinations and common stock returns: The case of joint ventures. Journal of Finance 40 (1985) 519-536
19. Morck R., Shleifer A., and Vishny R. Do managerial objectives drive bad acquisitions?. Journal of Finance 45 (1990) 31-48
20. Roll R. The hubris hypothesis of corporate takeovers. Journal of Business 59 (1986) 197-216
21. Servaes H. Tobin's Q and the gains from takeovers. Journal of Finance 46 (1991) 409-419
22. Servaes H. The value of diversification during the conglomerate merger wave. Journal of Finance 51 (1996) 1201-1226
23. Sicherman N., and Pettway R. Acquisitions of divested assets and shareholders' wealth. Journal of Finance 42 (1987) 1261-1273
24. Stillman R. Examining antitrust policy towards horizontal mergers. Journal of Financial Economics 11 (1983) 225-240