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The source of abnormal returns from strategic alliance announcements

Brooke, Jesse; Oliver, Barry


Strategic alliances attempt to create a cooperative association between two or more firms to share resources such as product design, production, marketing or distribution. Alliances can be used to avoid the rigidity of some organisational forms, such as mergers and takeovers, and to gain access to knowledge and skills otherwise not available. Despite the rapid growth in the formation of alliances, event studies of stock returns surrounding the announcement of strategic alliances are not...[Show more]

CollectionsANU Research Publications
Type: Working/Technical Paper
Source: Pacific-Basin Finance Journal
DOI: 10.1016/j.pacfin.2004.07.003


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