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Title: Do sino foreign joint ventures create shareholder value for Chinese partners
Authors: Meschi, PX
Cheng, LT 
Keywords: Joint ventures
Stock price reaction
International investment
Issue Date: 2007
Source: International journal of business, 2007, v. 12, no. 3, p. 325-341 How to cite?
Journal: International journal of business 
Abstract: Based on the transactional theory of international joint ventures, we examine the stock price reactions for B-shares of the Chinese partners during the Sino-foreign venture announcements. Significant and positive announcement effects are found in the Shanghai and Shenzhen stock markets. We also attempt to identify determinants of the shareholders value creation. Four variables, namely geographic origin, size of foreign partners, status of Chinese partners and China's country risk, are found to be significant in the regression models.
ISSN: 1083-4346
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