Cross-border mergers and acquisitions vs. greenfield foreign direct investment: The role of firm heterogeneity

By Volker Nocke, S. Yeaple. 2007

471 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/31b0fd05b9a9fc901c99a641c699e48e031ef258

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Citations in the corpus

Family involvement and firms’ establishment mode choice in foreign markets (2016, background): “For example, Nocke & Yeaple (2007) show theoretically that cross-border acquisitions (compared with greenfield) involve either the most or the least efficient investing firms.”
Post-production services and optimal integration strategies for the multinational firm (2016, methodology): “Also, see Nocke and Yeaple (2007) that stress the importance of marketing and distribution costs in affecting firms’ foreign market entry modes between cross-border M&A and greenfield FDI. production services in different locations.”
Cross-Border M&As and Innovative Activity of Acquiring and Target Firms (2016, background): “This suggests that access to intangible assets is an important element of cross-border M&As, which is in line with recent theoretical contributions in international economics (e.g. Nocke and Yeaple, 2007, 2008).”
Acquisitions, markups, efficiency, and product quality: Evidence from India (2018, background): “…stem from technology transfer from foreign acquirers, as predicted by the literature on international trade and FDI (e.g., Guadalupe et al., 2012; Nocke and Yeaple, 2007).35 32We match on both firm and product characteristics to control for pre-acquisition differences in product-level outcomes.”
The choice of market entry mode: Greenfield investment, M&A and joint venture (2009, background): “Horn and Persson (2001), and Nocke and Yeaple (2007) offer other models of the choice between M&A and greenfield investment, as well as further references.”
When Is Foreignness an Asset or a Liability? Explaining the Performance Differential Between Foreign and Local Firms (2010, background): “Affiliates established via acquisition of previously independent firms are likely to experience less costs than those formed as greenfield operations (Nocke & Yeaple, 2007).”
Multinationals as Arbitrageurs: The Effect of Stock Market Valuations on Foreign Direct Investment (2009, unknown): “As noted in United Nations Center for Transnational Corporations (1999) and Nocke and Yeaple (2007), a large fraction of FDI flows are due to cross-border mergers and acquisitions.”
Spatial geography and control in foreign acquisitions (2012, background): “Scholars consider the role of geography in location choices for different economic activities (Mudambi, 2008), including entry modes, such as choices between export and foreign direct investments (FDI) or between wholly owned subsidiaries and acquisitions (Nocke & Yeaple, 2007; Yeaple, 2009).”