Acquisitions, joint ventures or arm's-length alliances? analyzing the determinants of the choice of growth strategy in Brazil from 1996 through 2007

dc.contributor.authorKayo E.K.
dc.contributor.authorKimura H.
dc.contributor.authorPatrocinio M.R.
dc.contributor.authorNeto L.E.O.
dc.date.accessioned2024-03-13T01:32:39Z
dc.date.available2024-03-13T01:32:39Z
dc.date.issued2010
dc.description.abstractThis paper analyses the determinants of the choice among different firm growth strategies: acquisitions, joint ventures or arm's-length alliances. Several theoretical perspectives offer a background to understanding how firms make this choice. However, most empirical studies in this field have been derived from firms in developed countries. In contrast, we turn our attention to the analysis of the growth process of firms in a particular developing country, Brazil. The results mostly support the learning perspective of the firm's choice. In general, a firm's previous experience in a specific strategy (e.g.: joint ventures) is significant to determine its future choice for the same strategy as a path to grow. Extending previous studies, we introduced some financial factors as explanatory variables but they showed no statistical significance. © 2010 Brazilian Administration Review.
dc.description.firstpage397
dc.description.issuenumber4
dc.description.lastpage412
dc.description.volume7
dc.identifier.doi10.1590/S1807-76922010000400006
dc.identifier.issn1807-7692
dc.identifier.urihttps://dspace.mackenzie.br/handle/10899/37247
dc.relation.ispartofBAR - Brazilian Administration Review
dc.rightsAcesso Aberto
dc.subject.otherlanguageAcquisition
dc.subject.otherlanguageGovernance mode
dc.subject.otherlanguageGrowth strategy
dc.subject.otherlanguageJoint venture
dc.subject.otherlanguageStrategic alliance
dc.titleAcquisitions, joint ventures or arm's-length alliances? analyzing the determinants of the choice of growth strategy in Brazil from 1996 through 2007
dc.typeArtigo
local.scopus.citations11
local.scopus.eid2-s2.0-78449281539
local.scopus.updated2024-05-01
local.scopus.urlhttps://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=78449281539&origin=inward
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