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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19643| Title: | Internalization and internationalization under copeting real options |
| Keywords: | D92 F21 L60 D81 ddc:330 Foreign Direct Investment Market Entry Mode Real Options Uncertainty Timing Internationale Markteintrittsstrategie Realoption Entscheidung bei Unsicherheit Direktinvestition Joint Venture Auslandsniederlassung Schätzung Theorie Deutsch OECD-Staaten |
| Issue Date: | 16-Oct-2013 |
| Description: | The theories of internalization and internationalization provide general factors of international market entry but are not precise about its timing. A model of waiting and growth options seizes the importance of flexibility to FDI decisions and centers the impact of uncertainty. The results of a panel study using aggregates of 5379 German entries to 22 countries suggest that uncertainty has a U-shaped influence on the probability of entry and a negative effect on the amount of capital whereas it leaves the share in capital unaffected. Investors seem to treat foreign subsidiaries as real options on internationalization but not on internalization. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19643 |
| Other Identifiers: | http://hdl.handle.net/10419/19643 ppn:51427350X RePEc:zbw:bubdp1:4354 |
| Appears in Collections: | EconStor |
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