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This paper faces two questions concerning Joint Ventures (JV) agreements. First, we study how the partners contribution affect the creation and the profit sharing of a JV when partners' effort is not observable. Then, we see whether such agreements are easier to enforce when the decision on JV...
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, human behavior, Corporate Governance and Strategic Decision-Making – such as the Board-Alliance Theory, the Board-JV Theory …; the Board-Divergence Theory; the Independence Divergence Theory; the “Board Improvement Framework”; the “Corporations … Model Improvement Framework”; the “Corporations Model Risk Theory”; the Trade-Contingent Governance Divergence Theory; and …
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This paper investigates the relation between asymmetries in the distribution of shares in joint ventures and asymmetries between the parent companies. When the joint venture and the parent companies are controlled by separate entities, we provide a simple formula to compute the optimal ownership...
Persistent link: https://www.econbiz.de/10014151850
advantages, the failure rate of IJVs is very high. This book takes a theoretical approach to the lifecycles of IJVs. Game theory …, contract/incentive theory and repeated games, the author suggests solutions to the problems predicted. …
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We use a simple model of collaborative innovation to structure an empirical analysis of minority equity links in biotechnology alliances between clients and R&D firms. In the model, an equity link is an investment in information acquisition: it improves the ability of the client to learn about...
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