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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/1282| Title: | Analysing foreign market entry: the choice between greenfield investment and acquisitions |
| Keywords: | F23 L13 ddc:330 Markteintritt Direktinvestition Duopol Wohlfahrtseffekt Theorie |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Dep. of Economics, Trinity College, University of Dublin Dublin |
| Description: | This paper formalises the choice a firm has to face when entering a foreign market via FDI as between setting up an entirely new plant (greenfield investment) or acquiring an existing indigenous firm. Our results show that in an asymmetric duopoly situation a new entrant will normally be best off by acquiring an existing indigenous low-technology firm, thus, forming a duopoly with an indigenous high-technology firm. While in welfare terms the entry of the foreign firm damages the country in most cases, there exist some possibilities that welfare, particularly after a greenfield investment by the foreign firm, is higher than before entry, even when there is full profit repatriation. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/1282 |
| Other Identifiers: | http://hdl.handle.net/10419/1282 ppn:258189940 |
| Appears in Collections: | EconStor |
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