The benefits that firms obtain from investing in international joint ventures (IJVs) can be reinforced or reduced by the management of later stages of collaboration. This paper presents and analysis of the shareholder wealth effects of IJV formation and five types of IJV termination. The...

Recent research has documented new ventures’ activity in acquisitions, and we build upon this work and the M&A literature, in order to compare the acquisition performance of new ventures and established firms. The central rationale for our work is that new ventures hold distinct resources and...