The choice between greenfield investment and cross-border M&A: Empirical research on Chinese enterprises investing in America

被引：0
|
作者：
Guo Guanfu [1 ]
Zhou Hongyun
机构：
[1] Zhejiang Univ Technol, Coll Business Adm, Hangzhou 310014, Zhejiang, Peoples R China
来源：
MODERN FINANCE AND GLOBAL TRADING COOPERATION: PROCEEDINGS OF THE 5TH INTERNATIONAL ANNUAL CONFERENCE ON WTO AND FINANCIAL ENGINEERING | 2008年
关键词：
Chinese enterprises; investment in America; Greenfield investment; cross-border M&A; choice;
D O I：
暂无
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
On the basis of the former researches, this article using the Binary Logit model, makes an empirical analysis on how the factors of enterprises influence the choice of Chinese enterprises between greenfield investment and cross-border M&A investing in America. As a result, we find that, (!)the multinational experiences is correlated positively with the opportunity ratio of choosing cross-border M&A, (9)the relation degree of product, the experiences in America the diversification strategy, the capital scale and the investment scale have no correlation with the opportunity ratio of choosing greenfield investment or cross-border M&A.
引用
收藏
页码：613 / +
页数：4
相关论文
共 50 条
  • [1] Research on Problems and solutions of the Chinese enterprises Cross-border M&A
    Lv, Rongsheng
    Li, Mengnan
    [J]. PROCEEDINGS OF THE 2016 2ND INTERNATIONAL CONFERENCE ON EDUCATION TECHNOLOGY, MANAGEMENT AND HUMANITIES SCIENCE, 2016, 50 : 538 - 541
  • [2] Banking internationalization:: the choice between greenfield investment and cross-border M&As
    Yuan Xuemei
    [J]. MODERN FINANCE AND GLOBAL TRADING COOPERATION: PROCEEDINGS OF THE 5TH INTERNATIONAL ANNUAL CONFERENCE ON WTO AND FINANCIAL ENGINEERING, 2008, : 74 - 78
  • [3] The economic policy uncertainty and the choice of entry mode of outward foreign direct investment: Cross-border M&A or Greenfield Investment
    Zhou, Kexuan
    Kumar, Sanjay
    Yu, Linhui
    Jiang, Xinlin
    [J]. JOURNAL OF ASIAN ECONOMICS, 2021, 74
  • [4] The effect of FDI on domestic entrepreneurship: the case of greenfield investment and cross-border M&A activities
    Nguyen, Ngoc Minh
    [J]. JOURNAL OF ECONOMICS AND DEVELOPMENT, 2023, 25 (01): : 62 - 78
  • [5] Exploring the Intent of Chinese Equipment Manufacturing Enterprises' Cross-border M&A
    Ying, Xiaoke
    Zhao, Xianjin
    [J]. 2017 3RD INTERNATIONAL CONFERENCE ON MECHATRONIC SYSTEMS AND MATERIALS APPLICATION (ICMSMA 2017), 2017, : 35 - 40
  • [6] Study on the demand of international professionals in Chinese enterprises' cross-border M&A
    Yan, Haiyan
    Bo, Xu
    [J]. ISMOT'07: PROCEEDINGS OF THE FIFTH INTERNATIONAL SYMPOSIUM ON MANAGEMENT OF TECHNOLOGY, VOLS 1 AND 2: MANAGING TOTAL INNOVATION AND OPEN INNOVATION IN THE 21ST CENTURY, 2007, : 1290 - 1293
  • [7] The choice between greenfield investment and cross-border acquisition: A real option approach
    Gilroy, Bernard Michael
    Lukas, Elmar
    [J]. QUARTERLY REVIEW OF ECONOMICS AND FINANCE, 2006, 46 (03): : 447 - 465
  • [8] The Ecological Footprints of Greenfield FDI and Cross-border M&A Sales
    Doytch, Nadia
    Ashraf, Ayesha
    [J]. ENVIRONMENTAL MODELING & ASSESSMENT, 2022, 27 (06) : 935 - 951
  • [9] The Ecological Footprints of Greenfield FDI and Cross-border M&A Sales
    Nadia Doytch
    Ayesha Ashraf
    [J]. Environmental Modeling & Assessment, 2022, 27 : 935 - 951
  • [10] Democratization in the host country and institutional risk of cross-border M&A: an empirical study on Chinese listed enterprises
    Feiqiong Chen
    Yangmin Xu
    [J]. Quality & Quantity, 2014, 48 : 1013 - 1025
12345