کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7355449 1477786 2018 38 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Greenfield, merger and acquisition, or export? Regulating the entry of multinational enterprises to a host-country market
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Greenfield, merger and acquisition, or export? Regulating the entry of multinational enterprises to a host-country market
چکیده انگلیسی
How should a welfare-maximizing host government regulate the entry of multinational enterprises (MNEs) that compete with local firms for the host-country market? We demonstrate that the optimal entry regulation depends on the size of the host market: The host government chooses to grant cross-border mergers and acquisitions (M&As) when the host market is sufficiently small; otherwise, it chooses direct export. Greenfield investment, on the other hand, will not be granted. Moreover, we show that for the case of M&A, the MNEs would acquire the most efficient local firm.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Review of Economics & Finance - Volume 56, July 2018, Pages 397-407
نویسندگان
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