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Firm Size, Synergy and Joint Ventures
Indrani Roy Chowdhury,Prabal Roy Chowdhury 서울대학교 경제연구소 1999 Seoul journal of economics Vol.12 No.3
We develop a synergy based theory of joint venture formation. We find that an increase in firm size affects the incentive for joint venture formation. Furthermore, firm size also crucially affects the impact of market size on the incentive for joint venture formation. We also perform some interesting welfare analysis.