The Role of Knowhow Acquisition in the Formation and Duration of Joint Ventures
Michel Habib () and
Pierre Mella-Barral
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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
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Published in 2003
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Related works:
Journal Article: The Role of Knowhow Acquisition in the Formation and Duration of Joint Ventures (2007) 
Working Paper: The Role of Knowhow Acquisition in the Formation and Duration of Joint Ventures (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-00597770
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