Bayona, Cristina; Corredor, Pilar; Santamaría, Rafael - In: Management Research: Journal of the Iberoamerican … 2 (2004) 1, pp. 25-48
This paper examines the impact of technological alliance announcements in a nonfavorable environment, using event study methodology that includes robust tests to allow heteroskedasticity across firms and over time. The study is based on Spanish data, and focuses on the fact that Spanish market...