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https://hdl.handle.net/10419/56317
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Stepanok, Ignat | en |
dc.date.accessioned | 2012-02-14 | - |
dc.date.accessioned | 2012-03-28T13:10:05Z | - |
dc.date.available | 2012-03-28T13:10:05Z | - |
dc.date.issued | 2010 | - |
dc.identifier.uri | http://hdl.handle.net/10419/56317 | - |
dc.description.abstract | I present a model of international trade and foreign direct investment (FDI), where FDI is comprised of greenfield FDI and mergers and acquisitions (M&A). Working in a monopolistically competitive environment, merging firms do not reduce competition. Mergers are motivated by efficiency gains and transfer of technology and expertise. Following empirical evidence, I model greenfield investors as the more productive group relative to M&A firms. The model has two symmetric countries and generates two-way flows of both M&A and greenfield FDI. Greater proximity to a market makes more firms choose greenfield FDI over M&A when investing there. Empirical evidence supports this result. | en |
dc.language.iso | eng | en |
dc.publisher | |aStockholm School of Economics, The Economic Research Institute (EFI) |cStockholm | en |
dc.relation.ispartofseries | |aSSE/EFI Working Paper Series in Economics and Finance |x731 | en |
dc.subject.jel | F12 | en |
dc.subject.jel | F23 | en |
dc.subject.jel | O41 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Foreign direct investment | en |
dc.subject.keyword | Mergers | en |
dc.subject.keyword | Greenfield | en |
dc.subject.keyword | Firm heterogeneity | en |
dc.subject.stw | Direktinvestition | en |
dc.subject.stw | Übernahme | en |
dc.subject.stw | Internationale Markteintrittsstrategie | en |
dc.subject.stw | Multinationales Unternehmen | en |
dc.subject.stw | Monopolistischer Wettbewerb | en |
dc.subject.stw | Theorie | en |
dc.title | Cross-border mergers and greenfield foreign direct investment | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 640488250 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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