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dc.contributor.authorRaff, Horsten_US
dc.contributor.authorRyan, Michaelen_US
dc.contributor.authorStähler, Franken_US
dc.date.accessioned2009-01-28T15:55:20Z-
dc.date.available2009-01-28T15:55:20Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/19140-
dc.description.abstractThis 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.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesCESifo working papers 1676en_US
dc.subject.jelF15en_US
dc.subject.jelF12en_US
dc.subject.ddc330en_US
dc.subject.keywordforeign direct investmenten_US
dc.subject.keywordmerger and acquisitionen_US
dc.subject.keywordjoint ventureen_US
dc.subject.keywordgreenfield investmenten_US
dc.subject.keywordfirm heterogeneityen_US
dc.subject.keywordproductivityen_US
dc.subject.stwDirektinvestitionen_US
dc.subject.stwInternationale Markteintrittsstrategieen_US
dc.subject.stwBetriebsvermögenen_US
dc.subject.stwProduktivitäten_US
dc.subject.stwSchätzungen_US
dc.subject.stwTheorieen_US
dc.subject.stwMultinationales Unternehmenen_US
dc.subject.stwJapanen_US
dc.titleAsset ownership and foreign-market entryen_US
dc.typeWorking Paperen_US
dc.identifier.ppn510025722en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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