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This paper explores the effect of a potential joint-venture breakup on the level of technology transfer in a set-up with exploration-exploitation trade-offs in the presence of time compression costs. We consider a joint-venture relationship between a technologically advanced multinational firm...
Persistent link: https://www.econbiz.de/10008824508
This article questions the extent to which U.S. continental shelf seabed mining policy, as reflected in the U.S. administration's recently issued five-year OCS development plan and accompanying agency regulations, is influenced by international environmental law, especially the deep seabed...
Persistent link: https://www.econbiz.de/10013086850
We study international market entry in the context of the Internet, and ask: On what basis do U.S. Internet firms choose the markets that they enter? Our baseline hypothesis is that international market entry decisions are based on balancing perceived risks and returns inherent in a foreign...
Persistent link: https://www.econbiz.de/10012750710
overall corporate governance may have a negative effect on M&A activity. Since M&A foreign direct investment (FDI) is a cross …-border variant of M&A, stronger corporate governance may also reduce M&A FDI. Hence, we use firm-level evidence from Japanese FDI … into the United States to investigate the effect of US corporate governance on Japanese M&A FDI. Our results indicate that …
Persistent link: https://www.econbiz.de/10010507255
There are four major modes through which firms undertake foreign direct investment (FDI): merger and acquisition (M …&A), joint venture, new plant, and others. The four modes of FDI are distinct from each other, and each has its own unique … advantages and disadvantages. While a large and growing empirical literature examines the determinants of FDI, very few studies …
Persistent link: https://www.econbiz.de/10010507293
investment (FDI). This, in turn, can reduce the returns from non-M&A FDI in light of the complementary relationship between M …&A and non-M&A FDI. We use firm-level evidence to empirically examine the effect of corporate governance in the United States … (US) on Japanese M&A and non-M&A FDI inflows. In doing so, we expand upon Alba, Park, and Wang (2009), which looked only …
Persistent link: https://www.econbiz.de/10010507297
inward FDI stocks. For a panel of five advanced economies from 1980 to 2006 it is shown that price competitiveness, stable …-Saxon legislation also play a role. Financial competitiveness in turn encourages FDI inflows whereas it benefits fixed investment …
Persistent link: https://www.econbiz.de/10003794120
foreign direct investment (FDI). Two competing specifications of exchange rate volatility are examined. The investigation is … based on a cross-section time-series data set of U.S. outward FDI by industries to six major partner countries for the … uncertainty has a discouraging effect on FDI flows across all industries. This is contrasted when applying an alternative risk …
Persistent link: https://www.econbiz.de/10003796283
investments (FDI) in the US. In contrast to earlier work, this paper puts special emphasis on controlling for Marshallian … externalities may, if not accounted for appropriately, be falsely attributed to FDI. This paper also deals with the potential … endogeneity of FDI and the presence of spatial lags by employing a system generalized method of moments (GMM) estimator. We use a …
Persistent link: https://www.econbiz.de/10003864488
The People's Republic of China (PRC) has received enormous inflows of foreign direct investment (FDI) in recent years … perspectives on their relative importance for the three countries involved. We also analyze the industrial composition of FDI flows … over time. US FDI flows to the PRC have been less concentrated in manufacturing than average for investors in the PRC while …
Persistent link: https://www.econbiz.de/10003901563