EconPapers    
Economics at your fingertips  
 

The Role of Knowhow Acquisition in the Formation and Duration of Joint Ventures

Michel Habib () and Pierre Mella-Barral
Additional contact information
Michel Habib: Swiss Banking Institute - UZH - Universität Zürich [Zürich] = University of Zurich

Working Papers from HAL

Abstract: We analyze the role of knowhow acquisition in the formation and duration of joint ventures. Two parties become partners in a joint venture to benefit from each other's knowhow. Joint operations provide each party with the opportunity to acquire part of its partner's knowhow. A party's increased knowhow provides the impetus for the dissolution of the joint venture. We characterize the conditions under which dissolution takes place, identify the party that buys out its partner, determine the time to dissolution, establish its comparative statics, and examine the implications of knowledge acquisition for the desirability of joint venture formation.

Keywords: Continuous-Time Corporate Finance; Joint Ventures; Knowhow Acquisition; Optimal Dissolution Time; Continuous-Time Corporate Finance. (search for similar items in EconPapers)
Date: 2003-11
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Published in 2003

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: The Role of Knowhow Acquisition in the Formation and Duration of Joint Ventures (2007) Downloads
Working Paper: The Role of Knowhow Acquisition in the Formation and Duration of Joint Ventures (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-00597770

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().

 
Page updated 2025-03-19
Handle: RePEc:hal:wpaper:hal-00597770