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dc.contributor.authorBodnaruk A
dc.contributor.authorManconi A
dc.contributor.authorMassa M
dc.date.accessioned2016-12-19T16:24:18Z
dc.date.available2017-09-20T09:30:12Z
dc.date.issued2016-05
dc.identifier.bibliographicCitationBodnaruk, A., Manconi, A. and Massa, M. Cross-border Alliances and Risk Management. Journal of International Economics. 2016. 102: 22-49. doi: 10.1016/j.jinteco.2016.05.002.en_US
dc.identifier.issn0022-1996
dc.identifier.urihttp://hdl.handle.net/10027/21427
dc.descriptionThis is the author’s version of a work that was accepted for publication in Journal of International Economics. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of International Economics. 2016. 102: 22-49. DOI: 10.1016/j.jinteco.2016.05.002.en_US
dc.description.abstractWe study U.S. firms’ foreign expansion choices, and investigate alliances as risk management devices used to mitigate partner risk. Firms venturing abroad are constrained by the availability of potential partners. One set of partners are foreign companies the firm shares the venture with (direct partners). The second set of partners is the institutions/government of the host country (indirect partners). Firms are more likely to choose alliances (over M&As) when indirect (direct) partner risk is high (low). The sensitivity to direct partner risk varies in the cross-section, and is weakened by firm’s financial constraints and/or greater ease of monitoring foreign partners.en_US
dc.publisherElsevieren_US
dc.subjectCross-border Alliances and M&Asen_US
dc.subjectInternational Growthen_US
dc.subjectGovernanceen_US
dc.subjectPartner Risken_US
dc.subjectState Expropriationen_US
dc.titleCross-Border Alliances and Risk Managementen_US
dc.typeArticleen_US


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