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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19140| Title: | Asset ownership and foreign-market entry |
| Keywords: | F15 F12 ddc:330 foreign direct investment merger and acquisition joint venture greenfield investment firm heterogeneity productivity Direktinvestition Internationale Markteintrittsstrategie Betriebsvermögen Produktivität Schätzung Theorie Multinationales Unternehmen Japan |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | This paper examines the link between a firm?s ownership of productive assets and its choice of foreign-market entry strategy. We find that, controlling for industry- and country-specific characteristics, the most productive firms (i.e., those owning the most assets) will enter through greenfield investment, less productive ones will choose M&A, and the least productive ones will export. In addition, the most productive firms are shown to prefer whole ownership to a joint venture. These predictions are confirmed in an econometric analysis of Japanese firm-level data. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19140 |
| Other Identifiers: | http://hdl.handle.net/10419/19140 ppn:510025722 |
| Appears in Collections: | EconStor |
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