讲座主题：The Formation of Equity Joint Ventures: An Empirical Examination of the “Hybrid” and “Asset Bundling” Views in Transaction Cost Economics

　　主讲人：Zheng CHENG (程政)

　　讲座地点：B127

　　讲座时间：2017 年 1月13日下午 14点30分

　　主办单位：管理科学与工程系

　　讲座摘要：This study surveys the “hybrid” and “asset bundling” views of equity joint ventures (EJVs) in transaction cost economics (TCE) and then compares and contrasts their apparently conflicting predictions on the formation of EJVs. Using a sample of 2,958 inter-firm exchanges (contracts, EJVs, and mergers & acquisitions) formed among U.S public firms from 1994 to 2013, this study examines the relationship between the attributes of the assets from both exchange partners and their choice of EJVs. The empirical results shed light on the validity of those two perspectives and suggest that an integration of them will provide a more complete explanation of exchange mode within the TCE framework.

　　个人简介：程政，美国威斯康星大学密尔沃基分校(UWM)商学院助理教授。2009年本科毕业于武汉大学经济管理学院。于2009-2012年就读于兰州大学管理学院，获得管理学硕士学位。2016年获得美国堪萨斯大学管理学(战略管理)博士学位。主要从事高层管理团队(Top Management Team)，公司治理(Corporate Governance), 和交易成本经济学(Transaction Cost Economics)等方面的研究。在美国讲授过战略管理，国际商务，和跨文化交流本科生课程。

　　个人网页：https://uwm.edu/business/people/cheng-zheng/