Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/19140 
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dc.contributor.authorRaff, Horsten
dc.contributor.authorRyan, Michaelen
dc.contributor.authorStähler, Franken
dc.date.accessioned2009-01-28T15:55:20Z-
dc.date.available2009-01-28T15:55:20Z-
dc.date.issued2006-
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 choiceof foreign-market entry strategy. We find that, controlling for industry- and country-specificcharacteristics, the most productive firms (i.e., those owning the most assets) will enterthrough greenfield investment, less productive ones will choose M&A, and the leastproductive ones will export. In addition, the most productive firms are shown to prefer wholeownership to a joint venture. These predictions are confirmed in an econometric analysis ofJapanese firm-level data.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x1676en
dc.subject.jelF15en
dc.subject.jelF12en
dc.subject.ddc330en
dc.subject.keywordforeign direct investmenten
dc.subject.keywordmerger and acquisitionen
dc.subject.keywordjoint ventureen
dc.subject.keywordgreenfield investmenten
dc.subject.keywordfirm heterogeneityen
dc.subject.keywordproductivityen
dc.subject.stwDirektinvestitionen
dc.subject.stwInternationale Markteintrittsstrategieen
dc.subject.stwBetriebsvermögenen
dc.subject.stwProduktivitäten
dc.subject.stwSchätzungen
dc.subject.stwTheorieen
dc.subject.stwMultinationales Unternehmenen
dc.subject.stwJapanen
dc.titleAsset ownership and foreign-market entry-
dc.typeWorking Paperen
dc.identifier.ppn510025722en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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