Raff, Horst (contributor); Ryan, Michael (contributor); … - 2006
productive ones will export. In addition, the most productive firms are shown to prefer whole ownership to a joint venture. These …
through greenfield investment, less productive ones will choose M&A, and the least
productive ones will export. In addition … joint ventures.
Smaller firms choose M&A, and the smallest firms export (more on this in
the section on descriptive …