Asymmetric capacity costs and joint venture buy-outs

被引：8
|
作者：
Marjit, S
Chowdhury, PR
机构：
[1] Indian Stat Inst, Delhi Ctr, New Delhi 110016, India
[2] Ctr Studies Social Sci, Kolkata, W Bengal, India
来源：
JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION | 2004年 / 54卷 / 03期
关键词：
joint ventures; buy-outs; subsidiary formation; synergy; asymmetric access to capital;
D O I：
10.1016/j.jebo.2003.03.004
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper, we build a simple theory of joint venture buy-outs based on asymmetric access to capital, synergy, and an increased market size. If the market size is small then the outcome involves joint venture formation. If, however, the market size becomes sufficiently large then a buy-out always occurs. (C) 2003 Elsevier B.V. All rights reserved.
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页码：425 / 438
页数：14
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