Arbeitspapier
Do Stringent Environmental Policies Deter FDI? M&A versus Greenfield
This study examines how environmental stringency affects the location decision of foreigndirect investments. We analyze a firm-level data set on German outbound FDI and innovate onprevious studies by controlling for the mode of entry and applying the mixed-logit analysis. Theresults show that Greenfield projects react to environmental regulation in a strongly differentway than M&As. We find robust support for pollution haven hypothesis for pollutingGreenfields. M&A investments in low polluting industries, on the other hand, seem to beattracted by stricter environmental regulation. We introduce a new instrumental variable forenvironmental stringency and apply it to verify the results.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 5262
- Klassifikation
-
Wirtschaft
Economic Impacts of Globalization: Environment
Environmental Economics: General
Environmental Economics: Government Policy
- Thema
-
FDI
environmental stringency
mixed logit
entry mode
PHH
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bialek, Sylwia
Weichenrieder, Alfons
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Bialek, Sylwia
- Weichenrieder, Alfons
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2015
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