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
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