Showing 1 - 10 of 1,088
unobservability of contract terms favor cross-border acquisition relative to greenfield investment. We also show that while a cross …-border acquisition reduces welfare, greenfield investment can be welfare-improving. These results suggest that policy should distinguish …
Persistent link: https://www.econbiz.de/10010238336
for a foreign direct investment are considered: Greenfield investment versus acquisition. In contrast to existing … approaches, the acquisition price and the profits under both entry modes are endogenously determined. Interestingly, we find that … it is acquisition. …
Persistent link: https://www.econbiz.de/10010440964
This paper examines the link between a firm's owership 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...
Persistent link: https://www.econbiz.de/10010296254
also indirectly since it determines the outside option of potential acquisition targets and joint venture partners. In … profitability of greenfield investment both reduces the acquisition price in the case of M&A, and gives local firms an incentive to …
Persistent link: https://www.econbiz.de/10010296283
Persistent link: https://www.econbiz.de/10011303020
Persistent link: https://www.econbiz.de/10009755175
Persistent link: https://www.econbiz.de/10009658585
Persistent link: https://www.econbiz.de/10011404754
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...
Persistent link: https://www.econbiz.de/10010261423
The FDI-entrepreneurship nexus has received growing attention over the last decade. However, the empirical findings on their relationship have been inconsistent at best. This study seeks to examine how the inflows of Greenfield investment influence entrepreneurship of the host country. Using...
Persistent link: https://www.econbiz.de/10012591067