Elia, Stefano; Piscitello, Lucia; Mariotti, Sergio - 2013
(MNEs). We claim that the location of the target firm influences the choice of partial ownership, i.e., an MNE's choice to … maintain a local partner. MNEs normally execute partial acquisitions to reduce their liability of foreignness and to preserve … externalities, such as core cities and industrial districts. In particular, core cities allow foreign MNEs to access not only a …
