@techreport{Fisch2006Internalization,
abstract = {The theories of internalization and internationalization provide general factors of
international market entry but are not precise about its timing. A model of waiting and
growth options seizes the importance of flexibility to FDI decisions and centers the
impact of uncertainty. The results of a panel study using aggregates of 5379 German
entries to 22 countries suggest that uncertainty has a U-shaped influence on the
probability of entry and a negative effect on the amount of capital whereas it leaves the
share in capital unaffected. Investors seem to treat foreign subsidiaries as real options on
internationalization but not on internalization.},
author = {Jan Hendrik Fisch},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D92; F21; L60; D81; 330; Foreign Direct Investment; Market Entry Mode; Real Options; Uncertainty; Timing; Internationale Markteintrittsstrategie; Realoption; Entscheidung bei Unsicherheit; Direktinvestition; Joint Venture; Auslandsniederlassung; Sch\"{a}tzung; Theorie; Deutsch; OECD-Staaten},
language = {eng},
number = {2006,15},
title = {Internalization and internationalization under copeting real options},
type = {Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank},
url = {http://hdl.handle.net/10419/19643},
year = {2006}
}
