Greenfield or acquisition entry: A review of the empirical foreign establishment mode literature |
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| Institution: | 1. Department of Business–Society Management, RSM Erasmus University, PO Box 1738, 3000 DR Rotterdam, the Netherlands;2. Department of Organization and Strategy, CentER, Tilburg University, PO Box 90153, 5000 LE Tilburg, the Netherlands |
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| Abstract: | This paper reviews the empirical literature on the determinants of the choice by multinational enterprises between entering foreign countries through greenfields or acquisitions. We discuss and compare the main theoretical perspectives used, provide a detailed overview of the empirical findings, examine why these findings have often been inconsistent, and offer theoretical and methodological suggestions to guide future research. |
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