Abstract
The formation of consortia — ‘strategic alliances’ as they are usually called in the literature of management science — between firms is a widespread phenomenon in international business. Such alliances are entered into when a joint approach enables firms to attain strategic objectives that they are unable to achieve individually. Through such ‘competitive collaboration’, firms are able to learn new skills, access new markets, acquire new technologies, or achieve economies of scale or scope.1KeywordsInitial Public OfferingStrategic AllianceStrategic ObjectiveExternal EconomyLondon Stock ExchangeThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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