This paper uses a proportional hazard model to study foreign direct investment by Japanese manufacturers in Europe between 1970 and 1994. We divide each firm's investment total into a sequence of individual investment decisions and analyze how firm-specific characteristics affect each decision....

This paper examines the link between a firm's ownership of productive assets and its choice of foreign-market entry strategy. We find that, controlling for industry- and country-specific characteristics, the most productive firms (i.e., those owning the most assets) will enter through greenfield...

Mit Paneldaten für sämtliche niedersächsischen Industriebetriebe der Jahre 1995 bis 2002 werden drei Hypothesen aus dem Modell von Hopenhayn (Econometrica 1992) getestet: (H1) Firmen, die in der Periode t aus dem Markt ausscheiden, waren in der Periode t-1 weniger produktiv als Firmen, die in...