This paper examines and compares the constant mix and buy-and-hold portfolio strategies. To this end, we examine and illustrate their performances using various criteria such as comparison of their payoffs, basic properties of their return cumulative distribution functions and their performances...

Do European investments in China create shareholders' value? The question is posed, but does not ask for a definite answer. Many factors have to be considered when analyzing the valuation effect of European direct investment in China and its determinants. The aim of this article is to better...

This article investigates the relationship between accumulation of different types of experience (managerial and geographical) by companies involved in international joint ventures and shareholder value creation. From an event study methodology, cumulated abnormal returns (CARs), used as a proxy...

This article aims to identify the main and interaction effects of two country-level variables, namely national distance and country risk, on the survival of international joint ventures in emerging markets. Research hypotheses predicting the negative impact of national distance and country risk...

La littérature a démontré que les organisations adoptent des trajectoires de changement différentes selon leur écart de réalisation, i.e., selon qu’elles réalisent une performance en-deçà, conforme ou au-delà de leurs aspirations. En revanche, l’efficacité relative de ces...

Access to trusted information about potential local partners is a critical factor for international joint venture (IJV) stability and success in emerging economies. We build on social network theory and examine how foreign investors can benefit from their alliance networks in accessing reliable...

(VF)Mobilisant un cadre théorique fondé sur l’apprentissage myopique et l’apprentissage des échecs, nous testons, sur un échantillon de 632 acquisitions françaises aux États- Unis, l’idée qu’une firme ayant connu des échecs dans ses acquisitions passées connaîtra davantage...

Does an acquirer with extensive acquisition experience outperform an acquirer with little or no acquisition experience? Does an acquirer with varied growth mode experience (i.e. a company undertaking not only acquisitions but also joint ventures) outperform a company that has very homogeneous...