Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/19643
Autoren: 
Fisch, Jan Hendrik
Datum: 
2006
Schriftenreihe/Nr.: 
Discussion Paper Series 1 No. 2006,15
Zusammenfassung: 
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.
Schlagwörter: 
Foreign Direct Investment
Market Entry Mode
Real Options
Uncertainty
Timing
JEL: 
D92
F21
L60
D81
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
316.19 kB





Publikationen in EconStor sind urheberrechtlich geschützt.