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SSE/EFI Working Paper Series in Economics and Finance, EFI - The Economic Research Institute, Stockholm School of Economics >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/56317
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Stepanok, Ignat | | en_US |
| dc.date.accessioned | | 2012-02-14 | | en_US |
| dc.date.accessioned | | 2012-03-28T13:10:05Z | | - |
| dc.date.available | | 2012-03-28T13:10:05Z | | - |
| dc.date.issued | | 2010 | | en_US |
| 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_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Ekonomiska Forskningsinst. Stockholm | | en_US |
| dc.relation.ispartofseries | | SSE/EFI Working Paper Series in Economics and Finance 731 | | en_US |
| dc.subject.jel | | F12 | | en_US |
| dc.subject.jel | | F23 | | en_US |
| dc.subject.jel | | O41 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Foreign direct investment | | en_US |
| dc.subject.keyword | | Mergers | | en_US |
| dc.subject.keyword | | Greenfield | | en_US |
| dc.subject.keyword | | Firm heterogeneity | | en_US |
| dc.subject.stw | | Direktinvestition | | en_US |
| dc.subject.stw | | Übernahme | | en_US |
| dc.subject.stw | | Internationale Markteintrittsstrategie | | en_US |
| dc.subject.stw | | Multinationales Unternehmen | | en_US |
| dc.subject.stw | | Monopolistischer Wettbewerb | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Cross-border mergers and greenfield foreign direct investment | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 640488250 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | SSE/EFI Working Paper Series in Economics and Finance, EFI - The Economic Research Institute, Stockholm School of Economics
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