Acquisitions versus greenfield investments: International strategy and management of entry modes

• 成果类型: Article
• 署名作者: Harzing, AW
• 署名单位: University of Melbourne
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.218
• 发表日期: 2002
• 页码: 211-227
• 关键词: acquisition; greenfield; international strategy; entry mode

摘要

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 tune, a process that is mediated by the MNC's strategy. Copyright (C) 2002 John Wiley Sons, Ltd.