2001
DOI: 10.1016/s1047-8310(01)00038-4
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Technology R&D alliances and firm value

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Cited by 49 publications
(30 citation statements)
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“…In general, technology alliances are hypothesized to add value to the partnering firms. In particular, an event studies recently found significant positive abnormal returns surrounding the announcement of IT alliances (Neill et al, 2001). These studies lead us to conclude that public announcements regarding IT/IS outsourcing decisions are likely to have a positive effect on short-term returns as well, supporting the behavioral notion that investors put more weight on recent events regardless of fundamentals (representativeness bias).…”
Section: The Behavioral Finance Hypothesismentioning
confidence: 53%
See 1 more Smart Citation
“…In general, technology alliances are hypothesized to add value to the partnering firms. In particular, an event studies recently found significant positive abnormal returns surrounding the announcement of IT alliances (Neill et al, 2001). These studies lead us to conclude that public announcements regarding IT/IS outsourcing decisions are likely to have a positive effect on short-term returns as well, supporting the behavioral notion that investors put more weight on recent events regardless of fundamentals (representativeness bias).…”
Section: The Behavioral Finance Hypothesismentioning
confidence: 53%
“…We employ event studies methodology to assess the change in firm value around the time of the outsourcing agreement (Brown & Warner, 1985;McWilliams & Siegel, 1997;Neill et al, 2001;Park et al, 2004;Shi, 1998). The variables are examined using cumulative abnormal returns (CARs) which are the sum of daily returns, for a specified time window, in excess of general stock market movements.…”
Section: Computation Of Abnormal Returnsmentioning
confidence: 99%
“…They are relatively common in R&D collaboration (Neil et al, 2001) and present significant management challenges (Minshall et al, 2010). However, research on the distribution of benefits between asymmetric alliance partners, measured in terms of shareholder value, has not reached a consensus.…”
Section: Asymmetric Business Alliancesmentioning
confidence: 99%
“…Similarly, some management scholars have also published work that attempts to take a holistic view of technological innovation, linking together community, population, and organization considerations (e.g., Drazin & Schoonhoven, 1996;Henderson & Mitchell, 1997;Teece, Pisano, & Shuen, 1997;Wade, 1995Wade, , 1996. Recent research places emphasis on empirical investigations of the impact of interorganizational cooperation on the performance of technology enterprises (Neill, Pfeiffer, & Young-Ybarra, 2001;Park, Chen, & Gallagher, 2002;Steensma & Corley, 2000) and on the role of organizations other than firms, such as universities, in such relationships (Santoro, 2000;Spencer, 2001).…”
Section: Complex Interorganizational Relationshipsmentioning
confidence: 99%