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dc.contributor.authorRaff, Horsten_NZ
dc.contributor.authorRyan, Michaelen_NZ
dc.contributor.authorStähler, Franken_NZ
dc.date.available2011-04-07T03:05:23Z
dc.date.copyright2005-12en_NZ
dc.identifier.citationRaff, H., Ryan, M., & Stähler, F. (2005). Asset ownership and foreign-market entry (Economics Discussion Papers Series No. 521). University of Otago. Retrieved from http://hdl.handle.net/10523/883en
dc.identifier.urihttp://hdl.handle.net/10523/883
dc.description.abstractThis paper examines the link between a firm’s owership 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.en_NZ
dc.format.mimetypeapplication/pdf
dc.publisherUniversity of Otagoen_NZ
dc.relation.ispartofseriesEconomics Discussion Papers Seriesen_NZ
dc.relation.urihttp://www.business.otago.ac.nz/econ/research/discussionpapers/DP_0521.pdfen_NZ
dc.subjectmerger and acquisitionen_NZ
dc.subjectjoint ventureen_NZ
dc.subjectgreenfield investmenten_NZ
dc.subjectfirm heterogeneityen_NZ
dc.subjectproductivityen_NZ
dc.subjectForeign direct investmenten_NZ
dc.subject.lcshHB Economic Theoryen_NZ
dc.titleAsset ownership and foreign-market entryen_NZ
dc.typeDiscussion Paperen_NZ
dc.description.versionUnpublisheden_NZ
otago.bitstream.pages42en_NZ
otago.date.accession2006-02-02en_NZ
otago.schoolEconomicsen_NZ
otago.openaccessOpen
otago.place.publicationDunedin, New Zealanden_NZ
dc.identifier.eprints204en_NZ
otago.school.eprintsEconomicsen_NZ
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otago.relation.number521en_NZ
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