This paper examines the link between a firm’s owership 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.UnpublishedAitken, B.J. and A.E. Harrison (1999), Do domestic firms benefit from direct foreign investment? Evidence from Venezuela, American Economic Review 89, 605-618. Asiedu,...
This paper utilizes micro-panel data for firms located in Japan and examines differences in static a...
In order to compete successfully in a foreign market, a firm must possess ownership advantages that ...
This study focuses on the theory of how multinational firms choose their entry modes between altern...
This paper examines the link between a firm’s owership of productive assets and its choice of foreig...
This paper examines the link between a firm’s ownership of productive assets and its choice of forei...
We use Japanese firm-level data to examine how a firm?s productivity affects its choice of foreign-m...
We use Japanese firm-level data to examine how a firm’s productivity affects its foreign-market entr...
* Corresponding author. Abstract: We extend and generalize the model of international trade and FDI...
This study examines the choice of a multinational firm between two alternative entry modes, a green...
This study examines the choice of a multinational firm between two alternative entry modes, a green...
Multinational firms may enter a market by different modes of foreign direct investment (FDI). This p...
Multinational firms may enter a market by different modes of foreign direct investment (FDI). This p...
When a firm wishes to sell in a foreign market, it can do so either by exporting to that market or b...
We develop a partial equilibrium model of Foreign Direct In-vestment (FDI) with oligopolistic compet...
This paper explores a striking empirical pattern that has gone unnoticed in the literature: U.S. mul...
This paper utilizes micro-panel data for firms located in Japan and examines differences in static a...
In order to compete successfully in a foreign market, a firm must possess ownership advantages that ...
This study focuses on the theory of how multinational firms choose their entry modes between altern...
This paper examines the link between a firm’s owership of productive assets and its choice of foreig...
This paper examines the link between a firm’s ownership of productive assets and its choice of forei...
We use Japanese firm-level data to examine how a firm?s productivity affects its choice of foreign-m...
We use Japanese firm-level data to examine how a firm’s productivity affects its foreign-market entr...
* Corresponding author. Abstract: We extend and generalize the model of international trade and FDI...
This study examines the choice of a multinational firm between two alternative entry modes, a green...
This study examines the choice of a multinational firm between two alternative entry modes, a green...
Multinational firms may enter a market by different modes of foreign direct investment (FDI). This p...
Multinational firms may enter a market by different modes of foreign direct investment (FDI). This p...
When a firm wishes to sell in a foreign market, it can do so either by exporting to that market or b...
We develop a partial equilibrium model of Foreign Direct In-vestment (FDI) with oligopolistic compet...
This paper explores a striking empirical pattern that has gone unnoticed in the literature: U.S. mul...
This paper utilizes micro-panel data for firms located in Japan and examines differences in static a...
In order to compete successfully in a foreign market, a firm must possess ownership advantages that ...
This study focuses on the theory of how multinational firms choose their entry modes between altern...