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Direktinvestitionen, Fusionen und Strukturwandel

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  • Klodt, Henning

Abstract

Foreign direct investment - the major driving force of globalization - is increasingly dominated by merger and acquisition activities. Since the mid-1990s, an unprecedented wave of foreign direct investment and a corresponding wave of cross-border mergers and acquisitions can be observed. As a result, the structure of firms and of entire industries is fundamentally reshaped. The degree of horizontal integration has been increased, whereas vertical integration has been reduced. Transborder investments are basically motivated by the exploitation of economies of scale from headquarter services, which are of rising importance in the transition towards the New Economy.

Suggested Citation

  • Klodt, Henning, 2001. "Direktinvestitionen, Fusionen und Strukturwandel," Kiel Working Papers 1083, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:1083
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    References listed on IDEAS

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    More about this item

    Keywords

    Fusionen; Strukturwandel; horizontale Integration; Neue Ökonomie; Direktinvestitionen;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure

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