A large number of studies (DeYoung et al., 2009) analyze merger outcomes in the financial industry, while other forms of business cooperation are still poorly investigated. Our paper examines results of strategic alliances and joint ventures in European and US banking over the period 1999 and...

This study attempts to increase the understanding of how different solutions to build alliance management capability influence alliance performance. We propose that both reliance on the informal accumulation of alliance experience (i.e., tacit alliance management knowledge, AMK) and articulation...

In recent years, demutualized stock exchanges have been increasingly engaging in M&A and alliance activities. To examine the effect of these growth strategies on exchange shareholders' value creation, we focus on 14 public stock exchanges and investigate their short-run share price responses to...

In venture of developing corporate growth strategy and business plan, alliances help clients identify and implement joint ventures, and alliance structures to achieve the benefits of working with a complementary partner. This paper uses fairness opinions to assess the synergy for the recent...

This paper faces two questions concerning Joint Ventures (JV) agreements. First, we study how the partners contribution affect the creation and the profit sharing of a JV when partners' effort is not observable. Then, we see whether such agreements are easier to enforce when the decision on JV...

This article examines the tortuous path from economic regulation, to deregulation and liberalization, to consolidation and collusion. It examines several elements of antitrust and competition law and policy, including mergers and acquisitions, coordination of pricing and service between...