Lee, Sang-Yong; Lim, Kim - In: Review of Quantitative Finance and Accounting 27 (2006) 2, pp. 111-123
ventures on the value of IT and non-IT firms. Using the event study methodology, we investigate the effect of such strategic … create significant gains in firm value. When the sample is divided into IT and non-IT firms, we find stronger support for … positive impact on gains in firm value among non-IT firms than among IT firms. We also find that the smaller strategic alliance …