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

Author

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  • 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, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpif:0404009
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    References listed on IDEAS

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    Cited by:

    1. Ronald B. Davies & Rodolphe Desbordes & Anna Ray, 2015. "Greenfield versus Merger & Acquisition FDI: Same Wine, Different Bottles?," Working Papers 201503, School of Economics, University College Dublin.
    2. Ronald B. Davies & Rodolphe Desbordes & Anna Ray, 2018. "Greenfield versus merger and acquisition FDI: Same wine, different bottles?," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 51(4), pages 1151-1190, November.
    3. John Conybeare & Dong‐Hun Kim, 2010. "Barbarians at the Gates: State Control of Global Mergers and Acquisitions," The World Economy, Wiley Blackwell, vol. 33(9), pages 1175-1199, September.
    4. 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.
    5. Jordan I. Siegel & Amir N. Licht & Shalom H. Schwartz, 2013. "Egalitarianism, Cultural Distance, and Foreign Direct Investment: A New Approach," Organization Science, INFORMS, vol. 24(4), pages 1174-1194, August.
    6. Kumar, Deepak & Sengupta, Keya & Bhattacharya, Mousumi, 2023. "Macroeconomic influences on M&A deal outcomes: An analysis of domestic and cross-border M&As in developed and emerging economies," Journal of Business Research, Elsevier, vol. 161(C).
    7. Shan, Yue & Boys, Kathryn A., 2023. "The unexamined effects of China’s Belt and Road FDI for Recipient Countries," 2023 Annual Meeting, July 23-25, Washington D.C. 335829, Agricultural and Applied Economics Association.

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    More about this item

    Keywords

    foreign direct investment; capital flows; multinational corporations; FDI;
    All these keywords.

    JEL classification:

    • F - International Economics
    • G - Financial Economics

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