Results of Empirical Investigation

Part of the Contributions to Management Science book series (MANAGEMENT SC.)

This chapter summarizes the findings based on the methodological approaches outlined in the preceding chapter. In particular, these analyses encompasses two main components: First, it empirically analyzed the value impact of alliance-related announcements using the event-study method (5.1). Second, it examined the cross-sectional influences on alliance formation ARs. In addition to the main multivariate regression models (5.3), this entailed a brief review of univariate correlations between and various explanatory factors (5.2) as well as extensions accounting for firmspecific and self-selection effects (5.4).


Abnormal Return Market Volatility Event Window Environmental Uncertainty Focal Firm 


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Copyright information

© Physica-Verlag Heidelberg 2009

Authors and Affiliations

  1. 1.Wittenberger Straße 23Germany

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