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- W2463274735 abstract "As an extension of Wang & Zhu (2005), this short paper shows that the popular 51:49 equity structure can be optimal. This equity structure in joint ventures (JVs) has puzzled economists the world over. We find that, when the two parties are highly asymmetric in their abilities to acquire private benefits from their JV, the 51:49 equity structure is optimal and as efficient as joint control." @default.
- W2463274735 created "2016-07-22" @default.
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- W2463274735 date "2016-06-01" @default.
- W2463274735 modified "2023-09-27" @default.
- W2463274735 title "Optimality of the 51:49 Equity Structure" @default.
- W2463274735 hasPublicationYear "2016" @default.
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