| dc.creator |
Raff, Horst |
|
| dc.creator |
Ryan, Michael |
|
| dc.creator |
Stähler, Frank |
|
| dc.date |
2006 |
|
| dc.date.accessioned |
2013-10-16T07:03:08Z |
|
| dc.date.available |
2013-10-16T07:03:08Z |
|
| dc.date.issued |
2013-10-16 |
|
| dc.identifier |
http://hdl.handle.net/10419/19140 |
|
| dc.identifier |
ppn:510025722 |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/10419/19140 |
|
| dc.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. |
|
| dc.language |
eng |
|
| dc.publisher |
|
|
| dc.relation |
CESifo working papers 1676 |
|
| dc.rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
|
| dc.subject |
F15 |
|
| dc.subject |
F12 |
|
| dc.subject |
ddc:330 |
|
| dc.subject |
foreign direct investment |
|
| dc.subject |
merger and acquisition |
|
| dc.subject |
joint venture |
|
| dc.subject |
greenfield investment |
|
| dc.subject |
firm heterogeneity |
|
| dc.subject |
productivity |
|
| dc.subject |
Direktinvestition |
|
| dc.subject |
Internationale Markteintrittsstrategie |
|
| dc.subject |
Betriebsvermögen |
|
| dc.subject |
Produktivität |
|
| dc.subject |
Schätzung |
|
| dc.subject |
Theorie |
|
| dc.subject |
Multinationales Unternehmen |
|
| dc.subject |
Japan |
|
| dc.title |
Asset ownership and foreign-market entry |
|
| dc.type |
doc-type:workingPaper |
|