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Assessing International Mergers And Acquisitions As A Mode Of Foreign Direct Investment

Author

Listed:
  • Steven Globerman

    (Western Washington University)

  • Daniel Shapiro

    (Simon Fraser University)

Abstract

A major and long-standing focus of scholarly research in the international business area is the identification and evaluation of the determinants of the location of international production. Empirical studies are primarily carried out at the country and industry levels and generally concentrate on overall FDI flows without distinguishing among different modes of FDI. Empirical studies focusing on aggregated inward and outward FDI flows, especially at the country level, implicitly assume that the same factors motivate all modes of FDI. To the extent that this is not the case, many empirical studies of overall FDI flows may be misleading.

Suggested Citation

  • Steven Globerman & Daniel Shapiro, 2004. "Assessing International Mergers And Acquisitions As A Mode Of Foreign Direct Investment," International Finance 0404009, EconWPA.
  • Handle: RePEc:wpa:wuwpif:0404009
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    References listed on IDEAS

    as
    1. La Porta, Rafael & Lopez-de-Silanes, Florencio & Shleifer, Andrei & Vishny, Robert, 2000. "Investor protection and corporate governance," Journal of Financial Economics, Elsevier, vol. 58(1-2), pages 3-27.
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    5. Steven Globerman & Daniel Shapiro, 2003. "Governance infrastructure and US foreign direct investment," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 34(1), pages 19-39, January.
    6. John Dunning, 2001. "The Eclectic (OLI) Paradigm of International Production: Past, Present and Future," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 8(2), pages 173-190.
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    9. Mayrhofer, Ulrike, 2004. "The influence of national origin and uncertainty on the choice between cooperation and merger-acquisition: an analysis of French and German firms," International Business Review, Elsevier, vol. 13(1), pages 83-99, February.
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    11. Kaufmann, Daniel, 2003. "Governance Redux: The Empirical Challenge," MPRA Paper 8210, University Library of Munich, Germany.
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    15. Rossi, Stefano & Volpin, Paolo F., 2004. "Cross-country determinants of mergers and acquisitions," Journal of Financial Economics, Elsevier, vol. 74(2), pages 277-304, November.
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    Cited by:

    1. repec:hal:cesptp:halshs-01122659 is not listed on IDEAS
    2. Paula Cristina da Silva Ferreira Neto Rodrigues & António Abílio Garrido Brandão & António de Melo Cerqueira, 2008. "The Macroeconomic Determinants of Cross Border Mergers and Acquisitions and Greenfield Investments," FEP Working Papers 281, Universidade do Porto, Faculdade de Economia do Porto.

    More about this item

    Keywords

    foreign direct investment; capital flows; multinational corporations; FDI;

    JEL classification:

    • F - International Economics
    • G - Financial Economics

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