Acquisition or greenfield start-up? Institutional, cultural and transaction cost influences

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Acquisition or greenfield start-up? Institutional, cultural and transaction cost influences

Brouthers, Keith D. - ; Brouthers, Lance Eliot - ;

In this paper, we develop and test a model of diversification mode choice (how firms decide between acquisitions and greenfield start-up ventures) which includes institutional, cultural, and transaction cost variables. Using a sample of Japanese firms entering western Europe, our results show the model correctly predicts over eighty-seven percent of the mode choices. Thus, we provide strong initial evidence to support using institutional, cultural and transaction cost variables to predict firms choices between acquisitions and greenfield start-ups in international expansion. Our findings also suggest that organizations which have developed strong intangible capabilities may be able to more readily leverage these capabilities through greenfield start-ups.Printed Journal

Ketersediaan

Call Number	Location	Available
	PSB lt.dasar - Pascasarjana	1

Penerbit	John Wiley & Sons.,
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Subjek	-
ISBN/ISSN	1432095
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Deskripsi Fisik	-
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