Stock price reactions to Sino-European joint ventures

Pierre Xavier Meschi, Tsz Wan Cheng

Research output: Journal article publicationJournal articleAcademic researchpeer-review

13 Citations (Scopus)

Abstract

Do European investments in China create shareholders' value? The question is posed, but does not ask for a definite answer. Many factors have to be considered when analyzing the valuation effect of European direct investment in China and its determinants. The aim of this article is to better understand the real impact of the Sino-European joint venture announcements on the stock market value of the European partners. First of all, on the basis of an event study methodology, this article presents empirical observations of the share price reactions in different European stock markets to 68 Sino-European joint venture announcement.
Original languageEnglish
Pages (from-to)119-126
Number of pages8
JournalJournal of World Business
Volume37
Issue number2
DOIs
Publication statusPublished - 14 May 2002

ASJC Scopus subject areas

  • Business and International Management
  • Finance
  • Marketing

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