Showing 31 - 40 of 187,898
The paper stresses how Italian and Chinese SMEs internationalize according to different approaches. Indeed, in the former case firms may move abroad because they follow the so-called lead firms, that act as a meta-national body, whereas in the latter case SMEs are committed to exports and/or...
Persistent link: https://www.econbiz.de/10013111829
• The study investigates the motivations driving Chinese outward direct investment to Italy. The analysis is based on … secondary sources and in-depth interviews with key informants and senior managers of Chinese affiliates in Italy.• The empirical … analysis shows that the evolution of the Chinese pattern of entry to Italy is in line with the model followed by Chinese firms …
Persistent link: https://www.econbiz.de/10013147247
life quality. In a context, in which the Chinese consumer grows in appreciating products made in China, items made in Italy … other products. The success around the world of items ‘‘Made in Italy'' is mostly due to the Italian brand's ability to … China and fostering the brand intangible components. Many among the affirmed brands are tending in the direction of this …
Persistent link: https://www.econbiz.de/10013149465
Persistent link: https://www.econbiz.de/10013484685
The paper investigates a model where two parties sequentially invest in a joint project (an asset). Investments and the project value are unverifiable, and A is wealth constrained so that an initial outlay must be financed by either agent B or an external investor C, say a bank. We show that an...
Persistent link: https://www.econbiz.de/10011538898
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...
Persistent link: https://www.econbiz.de/10003973480
We analyze the control and performance of assets operating in joint ventures (JVs). Control in JVs is determined by the allocation of voting rights and by the contracts that govern the JVs. This hybrid allocation of control is aimed to ameliorate the potential for ex-post opportunism. An equal...
Persistent link: https://www.econbiz.de/10013003534
Joint ventures (JVs) are a very common form of inter-firm collaborations and, not surprisingly, the object of a vast literature, spanning from economics to management and business studies. Issues of control are central to the definition of JV, which naturally begs an interpretation in the...
Persistent link: https://www.econbiz.de/10013043052
The research provides evidence from a dataset of R&D joint venture contracts about how firms organize collaborative R&D. We work out of a dataset of 96 contracts to construct a taxonomy of the types of mechanisms firms use in organizing collaborative R&D. We identify mechanisms with particular...
Persistent link: https://www.econbiz.de/10014118173
Joint ownership of assets by two partners can have an adverse effect on the incentives to invest and can result in unstable and inefficient organizational structures. Control sharing, however, plays an important role in economic, political, and social institutions. There is scarce empirical...
Persistent link: https://www.econbiz.de/10013092255