This paper examines bondholder wealth effects in global business collaborations with the form of cross-border joint ventures (JV) and strategic alliances (SA). Based on a sample of 1,898 event-firms from 2009 to 2015, we find significant and positive abnormal returns for bondholders. On average,...

Research joint ventures involve agreements among firms to engage in joint basic and applied research and development. This Article explores the importance of intellectual property rights in the formation of a research joint venture. The Article first considers the structural advantages afforded...

This paper demonstrates that the effect of political hazards on the choice of market entry mode varies across multinational firms based on the extent to which they face expropriation hazards from their potential joint-venture partners in the host country (the level of contractual hazards). As...