Acquisitions, Joint Ventures or Arm’s-Length Alliances? Analyzing the Determinants of the Choice of Growth Strategy in Brazil from 1996 through 2007



Título del documento: Acquisitions, Joint Ventures or Arm’s-Length Alliances? Analyzing the Determinants of the Choice of Growth Strategy in Brazil from 1996 through 2007
Revista: BAR - Brazilian Administration Review
Base de datos: CLASE
Número de sistema: 000336978
ISSN: 1807-7692
Autores: 1
2
2
2
Instituciones: 1Universidade de Sao Paulo, Faculdade de Economia, Administracao e Contabilidade, Sao Paulo. Brasil
2Universidade Presbiteriana Mackenzie, Sao Paulo. Brasil
Año:
Periodo: Oct-Dic
Volumen: 7
Número: 4
Paginación: 397-412
País: Brasil
Idioma: Inglés
Tipo de documento: Artículo
Enfoque: Analítico
Resumen en inglés This paper analyses the determinants of the choice among different firm growth strategies: acquisitions, joint ventures or arm’s-length alliances. Several theoretical perspectives offer a background to understanding how firms make this choice. However, most empirical studies in this field have been derived from firms in developed countries. In contrast, we turn our attention to the analysis of the growth process of firms in a particular developing country, Brazil. The results mostly support the learning perspective of the firm’s choice. In general, a firm’s previous experience in a specific strategy (e.g.: joint ventures) is significant to determine its future choice for the same strategy as a path to grow. Extending previous studies, we introduced some financial factors as explanatory variables but they showed no statistical significance
Disciplinas: Administración y contaduría,
Economía
Palabras clave: Dirección y control,
Planeación,
Empresas,
Adquisición,
Joint venture,
Alianzas estratégicas,
Crecimiento empresarial,
Estrategia,
Gobernanza
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