RT Journal Article
T1 Foreign Direct Investment Entry Modes, Development and Technological Spillovers
A1 Álvarez González, Isabel
A1 Marín Sanz, Raquel
A1 Santos Arteaga, Francisco Javier
AB This paper illustrates how wholly owned entry modes of multinational companies (MNCs) are jointly determined by both the strategic objectives of the MNC and the local firms’ assets in the creation of value. In particular, the entry mode chosen is based on the potential reciprocal technological spillovers between local firms and MNC subsidiaries. M&As are preferred when host countries exhibit a certain level of development in their local systems of innovation, especially for technologically leading MNCs. Otherwise, for technological laggard MNCs, greenfield investments prevail and M&As may be carried out for meeting demand motives in developing local systems of innovation.
PB Blackwell Publishing Ltd
SN 14636786
YR 2015
FD 2015-09
LK https://hdl.handle.net/20.500.14352/23804
UL https://hdl.handle.net/20.500.14352/23804
LA eng
DS Docta Complutense
RD 22 abr 2025