Acquisition or Greenfield Start - Up ? Institutional, Cultural and Transaction Cost Influences  

Oleh:

Brouthers, Keith D. ; Brouthers, Lance Eliot

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 21 no. 1 (2000), page 89-97.
Topik: transaction cost; acquisition; greenfield; cultural; transaction cost

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.5 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

In this paper, we develop and test a model of diversification mode choice (how firms decide between acquisitions and greefield 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 organization which have developed strong intangible capabilities may be able to more readily leverage these capabilities through greenfield start - ups.

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