The Fifth Message Understanding Conference (MUC-5) focused on the task of data extraction for tw o distinctly different applications, one within the domain of joint ventures (JV) and the other within the domain o f microelectronics (ME) . For each application, the task could be performed in either English and/or Japanese, giving four combinations : English Joint Ventures, Japanese Joint Venture...

Reputation of a venture capitalist (VC) is based on experience, expertise and past performance. We investigate the relation between VC reputation measures and both the probability of future IPOs and their long-run performance. We measure long-run firm performance following three widely used approaches, namely industry-adjusted operating performance, market-to-book ratio, and long-run listing su...

This paper investigates an unexplored rationale for organizations to enter into joint ventures. After a review of the theoretical and empirical literature on joint ventures, it develops a model in which projects require investments over time under conditions of autocorrelated productivity shocks. Internal and external interest groups are likely to pressurize owners into paying out early revenue...

An arti...cial neural network model is used to predict the performance of Sino-foreign joint ventures. Performance of international joint ventures remains a relatively under-researched area, yet its importance is well recognized due to the tremendous surge in joint venture activities in the past decade. Data on 2,416 Sino-foreign joint ventures was gathered, allowing for empirical analysis usin...

The Impact of Research Joint Ventures on Firm Performance: An Empirical Assessment Research and Development Joint Ventures are based on cooperative agreements where firms share the costs and results of a particular research project. While theoretical analysis of research joint ventures on profits, R&D intensity, output and prices is more developed in the existing literature, few empirical inves...

Effective knowledge sharing is vital to the success of international joint ventures. To ensure that organizational knowledge in a joint venture can be smoothly communicated and exchanged between its employees in a multiculture environment, the impact of culture on knowledge sharing needs to be well understood. This paper investigates the impact of culture on knowledge sharing in Chinese joint v...

INTRODUCTION LITERATURE REVIEW AND HYPOTHESIS DEVELOPMENT HYPOTHESES DATA AND METHODS RESULTS DISCUSSION CONTACT REFERENCES TABLE 1 TABLE 2

The evaluation process of venture capitalists (VCs) has received much attention in the fields of entrepreneurship and finance, as it gives valuable insights into the criteria that distinguish successful from unsuccessful new firms. The underlying premise of these studies is that VC evaluations are objective, i.e. they predict actual start-up success without systematic distortions. Only recently...

We introduce the concept of cooperative substitutes and complements, and use it to throw light on the conditions for a research joint venture to choose equal levels of R&D by all member firms. We show that the second-order conditions for a symmetric optimum take a particularly simple form, ruling out both excessive cooperative substitutability and excessive cooperative complementarity, and nest...