European Integration And Leading Firms’ Entry And Exit Strategies
AbstractThis paper provides empirical evidence on how EU leading firms adjusted to European economic integration with respect to the following strategic variables: entry/exit decisions in the product/geographic space (diversification/multinationality). A novel dataset, including detailed information on firms’ output across industries and countries for a sample of 100 EU leading firms in 1987 and 1993, also enables us to provide preliminary evidence on the "globalisation - return to core business" hypothesis. The econometric analysis of entries/exits in the primary industry suggests that the Single Market program affected company strategy by making multinational activity more necessary to face increased competitive pressure. Our results are thus far more consistent with a "think European view" than with the "return to core country" hypothesis, as implied by fuller exploitation of scale economies and comparative advantages.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Institute for Economic Research on Firms and Growth - Moncalieri (TO) in its series CERIS Working Paper with number 199710.
Length: 28 pages Keywords :
Date of creation: Jun 1997
Date of revision:
Find related papers by JEL classification:
- L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
- L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
- F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Davide Vannoni, 1999. "Entries and Exits in Foreign Markets: Italian Firms' Multinational Expansion in the European Union," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 6(2), pages 181-196.
- Paul Dobson & Roger Clarke & Stephen Davies & Michael Waterson, 2001. "Buyer Power and its Impact on Competition in the Food Retail Distribution Sector of the European Union," Journal of Industry, Competition and Trade, Springer, vol. 1(3), pages 247-281, September.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Enrico Viarisio) or (Anna Perin) or (Giancarlo Birello).
If references are entirely missing, you can add them using this form.