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- Title
ACQUISITIONS VERSUS GREENFIELD INVESTMENTS: INTERNATIONAL STRATEGY AND MANAGEMENT OF ENTRY MODES.
- Authors
Harzing, Anne-Wil
- Abstract
This paper adds an important explanatory variable to the well-established list of factors shown to influence the choice between foreign acquisitions and greenfield investments: the international strategy followed by the multinational company (MNC) in question. The MNC's international strategy is subsequently linked to the management of the two different entry modes by showing that differences in strategy are reflected in different headquarters-subsidiary relationships for acquisitions and greenfields. Some aspects of this relationship are also shown to change over time, a process that is mediated by the MNC's strategy.
- Subjects
MERGERS &; acquisitions; INTERNATIONAL business enterprises; BUSINESS planning; INVESTMENTS; STRATEGIC planning; FINANCE; CORPORATE headquarters; CORPORATE growth; INDUSTRIAL management; SUBSIDIARY corporations
- Publication
Strategic Management Journal (John Wiley & Sons, Inc.) - 1980 to 2009, 2002, Vol 23, Issue 3, p211
- ISSN
0143-2095
- Publication type
Article
- DOI
10.1002/smj.218