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An increasingly large share of cross-border acquisitions are undertaken by private equity-firms (PE-firms) and not by traditional multinational enterprises (MNEs). We propose a model of cross-border acquisitions in which MNEs and PE-firms compete over domestic assets and which incorporates...
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is increasing in its productivity, with the most productive multinationals choosing not to rely on a foreign partner at … direct investment ; multinational enterprise ; joint venture ; productivity …
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