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How can Africa, the world's most lagging region, benefit from globalisation and achieve sustained economic growth …? Africa needs greater investment by Multinational Enterprises (MNEs) to improve competitiveness and generate more growth … through positive spill-over effects. Despite the fact that Africa's returns on investment averaged 29% since 1990, Africa has …
Persistent link: https://www.econbiz.de/10002063044
How can Africa, the world's most lagging region, benefit from globalisation and achieve sustained economic growth …? Africa needs greater investment by Multinational Enterprises (MNEs) to improve competitiveness and generate more growth … through positive spill-over effects. Despite the fact that Africa's returns on investment averaged 29% since 1990, Africa has …
Persistent link: https://www.econbiz.de/10014014138
Persistent link: https://www.econbiz.de/10012291275
Persistent link: https://www.econbiz.de/10008655128
We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between mergers and acquisitions ("M&As") and "greenfield" investment. A simple model captures the key difference between the two types of FDI: unlike greenfield investment, M&As partly...
Persistent link: https://www.econbiz.de/10009376718
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Based on Real Options Theory and taking the perspective of growth options exercising, as well as Tobit model, this paper explores how Japanese enterprises adjust ownership structures in their affiliates as a portfolio in China. Empirical results show that: both demand uncertainty and industry...
Persistent link: https://www.econbiz.de/10014504824
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