Arbeitspapier
Modes of Foreign Entry under Asymmetric Information about Potential Technology Spillovers
This paper studies the effect of technology spillovers on the entry decision of a multinational enterprise into a foreign market. Two alternative entry modes for a foreign direct investment are considered: Greenfield investment versus acquisition. We find that with quantity competition a spillover makes acquisitions less attractive, while with price competition acquisitions become more attractive. Asymmetric information about potential spillovers always reduces the number of acquisitions independently of whether the host country or the entrant has private information. Interestingly, we find that asymmetric information always hurts the entrant, while it sometimes is in favor of the host country.
- Sprache
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Englisch
- Erschienen in
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Series: Munich Discussion Paper ; No. 2002-8
- Klassifikation
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Wirtschaft
Market Structure, Pricing, and Design: Oligopoly and Other Forms of Market Imperfection
International Investment; Long-term Capital Movements
Multinational Firms; International Business
Oligopoly and Other Imperfect Markets
Socialist Enterprises and Their Transitions
- Thema
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Foreign direct investment
multinational enterprise
enty mode
technology spillovers
asymmetric information
transition economies
- Ereignis
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Geistige Schöpfung
- (wer)
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Müller, Thomas
- Ereignis
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Veröffentlichung
- (wer)
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Ludwig-Maximilians-Universität München, Volkswirtschaftliche Fakultät
- (wo)
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München
- (wann)
-
2002
- DOI
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doi:10.5282/ubm/epub.12
- Handle
- URN
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urn:nbn:de:bvb:19-epub-12-4
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Müller, Thomas
- Ludwig-Maximilians-Universität München, Volkswirtschaftliche Fakultät
Entstanden
- 2002