Habib, Michel A.; Mella-Barral, Pierre - In: Review of Financial Studies 20 (2007) 1, pp. 189-233
We analyze the role of knowhow acquisition in the formation and duration of joint ventures. Two parties become partners in a joint venture to benefit from each other's knowhow. Joint operations provide each party with the opportunity to acquire part of its partner's knowhow. A party's increased...