Deciding Between Acquisition and Joint Venture: Intangible Resources and Similarity
Abstract
The aim of this paper is to analyze the influence of intangible assets and similarity of resources on the choice between acquisitions and joint ventures and whether it is different in domestic and European operations. In order to test these relations, a sample of domestic and European growth deals was selected (563 deals, of which 449 are acquisitions and 114 are joint ventures). Results demonstrate that it is more probable that firms will choose acquisitions if there is a close similarity between the resources of the firms. Also, if the operation is domestic, companies with higher proportions of intangible resources prefer acquisitions.
Keywords
Citation
Montoro‐Sanchez, Á. and Ortiz‐de‐Urbina‐Criado, M. (2009), "Deciding Between Acquisition and Joint Venture: Intangible Resources and Similarity", Management Research, Vol. 7 No. 1, pp. 21-32. https://doi.org/10.2753/JMR1536-5433070102
Publisher
:Emerald Group Publishing Limited
Copyright © 2009, Emerald Group Publishing Limited