Inter-Firm Collaboration

Valuation, Contracting, and Firm Restructuring

Paperback Engels 2005 9783824483334
Verwachte levertijd ongeveer 9 werkdagen

Samenvatting

The increasing number of inter-firm collaborations suggests that the collaborative mode of organizing transactions has become quite attractive in many industries. Today's firms increasingly operate in highly technology-and knowledge intensive areas where the sources of knowledge are located more diffusely. Moreover, globalization exposes firms to global competition, but also creates tremendous opportunities for exploiting technologies and competencies more fully than in the past. Carolin Haussler's dissertation acknowledges these new challenges and studies various aspects of collaborative arrangements. Among the questions addressed in her thesis are: Do inter-firm collaboration increase firm value? How do partners in a business alliance allocate control rights? Does contractual structure influence performance? Does the collaborative mode of organizing influence firm dynamics? In her dissertation, Carolin Haussler attempts to answer some of these questions. She uses quantitative econometric evidence and qualitative information from firms. In chapter 2, she presents an event study and analyzes stock market reactions to inter-firm collaboration announcements. The findings suggest that not all firms profit equally from inter­ firm collaboration. In chapter 3, Carolin Haussler addresses the problems emerging in asymmetrical partnerships, e.g. between large pharmaceutical firms and biotechnology startups. Using a unique dataset on inter-firm collaborations, Haussler finds that the assignment of control rights is mainly related to incentive issues and the bargaining position of firms.

Specificaties

ISBN13:9783824483334
Taal:Engels
Bindwijze:paperback
Aantal pagina's:138
Druk:0

Lezersrecensies

Wees de eerste die een lezersrecensie schrijft!

Inhoudsopgave

1 General introduction.- 1.1 Relevance and incidence of inter-firm collaboration.- 1.2 Definition of inter-firm collaboration.- 1.3 Contributions of this thesis.- 2 Inter-firm collaboration and firm value.- 2.1 Introduction and motivation.- 2.2 Inter-firm collaborations as value-creating mechanisms.- 2.3 Research design.- 2.4 Empirical tests and results.- 2.5 Conclusion and limitations.- 3 Control rights and the performance of asymmetrical inter-firm collaborations.- 3.1 Introduction and motivation.- 3.2 Institutional and theoretical considerations.- 3.3 Characteristics of inter-firm collaboration in biotechnology.- 3.4 Hypotheses.- 3.5 Research design.- 3.6 Empirical tests and results.- 3.7 Conclusion and limitations.- 4 Firm-specific factors and their impact on firm restructuring in times of change.- 4.1 Introduction and motivation.- 4.2 Previous industry level and firm level studies on restructuring.- 4.3 Biotechnology sector in restructuring.- 4.4 Biotechnology firm scenarios, determinants and research hypotheses.- 4.5 Research design.- 4.6 Empirical tests and results.- 4.7 Discussion and conclusion.- A Appendix of Chapter 2.- A.1: Number of ad hoc news in the German market (1997–2002).- A.2: Correlation matrix of dependent and metric independent variables.- A.3: Descriptive statistics of control variables.- B Appendix of Chapter 3.- B.1: Drug development time and stages.- B.2: Industry experts in interview series.- B.3: Questionnaire.- B.4: Co-allocation patterns of control rights.

Managementboek Top 100

Rubrieken

Populaire producten

    Personen

      Trefwoorden

        Inter-Firm Collaboration