2010 硕士论文 Strategic alliances:An Event Study and Portfolio Approach 98页
Table of Contents
Executive Summary ......................................................................................................................... 2
Chapter I ........................................................................................................................................... 5
Introduction .................................................................................................................................. 5
The main idea ........................................................................................................................... 5
Key definition and assumption ................................................................................................. 7
Specification of the research area ............................................................................................. 8
The contributions of this study ............................................................................................... 10
Chapter II ........................................................................................................................................ 12
Methodology .............................................................................................................................. 12
Data Collection ....................................................................................................................... 12
Event study methodology ....................................................................................................... 16
Return models of the event study ........................................................................................... 18
Statistical tests for the event study ......................................................................................... 21
Regression models and their variables ................................................................................... 22
Geographic and type regression model .................................................................................. 25
Chapter III ...................................................................................................................................... 27
Literature Review & Hypothesis development .......................................................................... 27
Strategic alliances and their raison d’êtres ............................................................................. 27
Understanding the strategic alliance as a governance structure ............................................. 33
Abnormal return hypotheses .................................................................................................. 36
Being foreign and its associated liability ............................................................................... 39
Experience and the alliance portfolio ..................................................................................... 43
Chapter IV ...................................................................................................................................... 48
Results and statistical output ...................................................................................................... 48
Event study results ................................................................................................................. 48
Results from the regression models ....................................................................................... 60
Geographical regression models ............................................................................................ 71
Chapter V ....................................................................................................................................... 73
Discussion and theoretical implications ..................................................................................... 73
Hypotheses about the event study .......................................................................................... 73
Hypotheses about the regression model ................................................................................. 75
Portfolio diversification and relations .................................................................................... 77
Chapter VI ...................................................................................................................................... 80
Conclusions and further studies ................................................................................................. 80
Further studies ........................................................................................................................ 81
References ...................................................................................................................................... 84
Appendix I ...................................................................................................................................... 90
Appendix II .................................................................................................................................... 91
Appendix III ................................................................................................................................... 93


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