Showing 1 - 10 of 710
its two major entry modes: Greenfield investments and cross-bor-der mergers and acquisitions (M&As). We found that both … impact on Greenfield investment levels, lower eco-nomic growth could lead to higher M&A flows. …
Persistent link: https://www.econbiz.de/10011573525
its two major entry modes: Greenfield investments and cross-border merger and acquisitions (M&As). We found that both …
Persistent link: https://www.econbiz.de/10012997534
This paper sheds light on the influence of exchange rate volatility on foreign direct investment (FDI), both at the theoretical and the empirical level. The novelty of the empirical analysis, which is based on a panel of 27 OECD countries over the period 1982-2002, is to provide evidence of a...
Persistent link: https://www.econbiz.de/10005858054
This paper studies the way multinational firms allocate resources across countries in response to uncertainty shocks. Consistent with a model of internal allocation, I find that multinationals withhold investment in a country with higher (policy) uncertainty, which financially-constrained firms...
Persistent link: https://www.econbiz.de/10013403116
I analyse firms organisational choices when they face uncertainty about institutional conditions in foreign locations with heterogeneous final good producers and incomplete contracts. As firms learn about the conditions abroad, the increasing offshoring activity increases competition in the...
Persistent link: https://www.econbiz.de/10013332242
This paper provides a theoretical formalisation of the joint-venture contract, as an alternative to Foreign Direct Investment (FDI), within a Dissipation of Intangible Assets framework. In a two-period model, we discuss how the threat of knowledge spillover shapes the boundaries of a...
Persistent link: https://www.econbiz.de/10010312620
Persistent link: https://www.econbiz.de/10011811918
Persistent link: https://www.econbiz.de/10010334969
location for an affiliate of a multinational firm. In particular, we distinguish between the tax sensitivity of Greenfield and … M&A investments are less sensitive to differences in tax rates than location decisions of Greenfield investments … Greenfield investments is negative and in absolute value significantly larger than that associated with M&A investments. This …
Persistent link: https://www.econbiz.de/10010277219
I present a model of international trade and foreign direct investment (FDI), where FDI is comprised of greenfield FDI … model greenfield investors as the more productive group relative to M&A firms. The model has two symmetric countries and … generates two-way flows of both M&A and greenfield FDI. Greater proximity to a market makes more firms choose greenfield FDI …
Persistent link: https://www.econbiz.de/10010281390