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Share the Fame or Share the Blame? The Reputational Implications of Partnerships

Costa, LA and Vasconcelos, L (2010) 'Share the Fame or Share the Blame? The Reputational Implications of Partnerships.' Journal of Economics and Management Strategy, 19 (2). 259 - 301. ISSN 1058-6407

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Abstract

We use an adverse selection model to study the dynamics of firms' reputations when firms implement joint projects. We show that in the case of joint projects a firm's reputation does not necessarily increase following a success and does not necessarily decrease following a failure. We also study how reputation considerations affect firms' decisions to participate in joint projects. We show that a high-reputation partner is not necessarily preferable to a low-reputation partner and, when implementation of the joint project by a single firm is possible, a high-quality partner may not be preferable to a low-quality partner. © 2010 Wiley Periodicals, Inc.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Jim Jamieson
Date Deposited: 13 Jul 2012 12:23
Last Modified: 17 Aug 2017 18:10
URI: http://repository.essex.ac.uk/id/eprint/2949

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