Noe, Thomas H.; Rebello, Michael J.; Shrikhande, Milind M. - In: Review of Financial Studies 15 (2002) 4, pp. 1251-1282
We examine the effect of bargaining power and informational asymmetry on the design of international cooperative ventures in the presence of restrictions on equity participation and investment. When the bargaining advantage rests with the multinational, equity participation restrictions can...
