Title: Value creation and the alliance experiences of Dutch companies
Authors: Sleuwaegen, Leo ×
Schep, K
den Hartog, G
Cornmandeur, H #
Issue Date: Dec-2003
Publisher: Pergamon-elsevier science ltd
Series Title: Long range planning vol:36 issue:6 pages:533-542
Abstract: This paper examines the effect on the market valuation of large Dutch companies following the announcements of international strategic alliances during the period 1985-1992. The effects are distinguished by type of alliance and country of origin of the partnering firms. While international strategic alliances are generally found to have a positive effect on a company's market value, strategically and culturally distant foreign partners generate a strong negative effect. The results underscore the importance of conducting a strategic, operational and cultural audit of the partnering companies and the envisaged partnership. The audit needs to be taken as a starting point in developing the essential co-operation skills to make the alliance work and should become integrated within a comprehensive performance scorecard. (C) 2003 Elsevier Ltd. All rights reserved.
ISSN: 0024-6301
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Department of Managerial Economics, Strategy and Innovation (MSI), Leuven
× corresponding author
# (joint) last author

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