The effects of greenfield investment and M&amp;As on domestic investment in developing countries

Ashraf, Ayesha; Herzer, Dierk

doi:10.1080/13504851.2014.904482

Cited by 51 publications

(47 citation statements)

References 10 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…In the same study, greenfields were also associated with a greater probability of exiting, possibly because MNEs tend to acquire firms that are larger, younger, with higher export propensity, higher skill-intensity and higher profitability (Kejzar 2011). Similarly, Ashraf and Herzer (2014) find that greenfield FDI has a large negative effect on domestic investment, while acquisitions do not. Wang and Wong (2009) and Nanda (2009) discovered that greenfields have a positive impact on economic growth, while acquisitions show a negative effect.…”

Section: Performance Of Establishment Modesmentioning

confidence: 91%

International Establishment Mode Choice: Past, Present and Future

Dikova

Brouthers

2015

Manag Int Rev

View full text Add to dashboard Cite

Despite over three decades of research focusing on the choice multinational enterprises make between establishing foreign operations through either cross-border acquisitions or greenfield start-ups our understanding of the issues that impact this choice and the performance outcomes of making this decision is still unclear. To help improve knowledge in this area we provide a comprehensive review of the empirical studies on international establishment mode choice published between 1980 and 2015. Through this method we gain a greater understanding of the theories used, the variables employed, and the empirical results. In this way we can detect inconsistencies and offer suggestions for future research. We identify a number of issues that future studies need to address: changes to the models, introducing new theories or combining theories, applying new or better methods, and most importantly linking this choice to performance. Hence, our study consolidates knowledge in this area and highlights several ways to improve our understanding of the international establishment mode decision.

show abstract

Section: Performance Of Establishment Modesmentioning

confidence: 91%

International Establishment Mode Choice: Past, Present and Future

Dikova

Brouthers

2015

Manag Int Rev

View full text Add to dashboard Cite

show abstract

“…However, the distinction between greenfield investment and M&A has significant implications for the contribution of FDI to the domestic capital stock. Two exceptions are Ashraf and Herzer () and Chen George et al . ().…”

Section: Literature Reviewmentioning

confidence: 99%

Does FDI crowd out domestic investment in transition countries?

Jude

2018

Econ of Transit and Inst Chang

View full text Add to dashboard Cite

The aim of this paper is to empirically investigate the relationship between foreign direct investment (FDI) and domestic investment in a sample of 10 Central and Eastern European countries over the period 1995–2015. We find FDI to lead to a creative destruction phenomenon, with a short‐term crowding out effect on domestic investment, followed by a long‐term crowding in. Greenfield FDI develops stronger long‐run complementarities with domestic investment, while mergers and acquisitions do not show a significant effect on domestic investment. Financial development seems to mitigate crowding out pressures and even foster a crowding in for mergers and acquisitions.

show abstract

“…Based on recent applications, Gordon et al . () provide arguments why the existence of offsets crowds out volunteerism in nature conservation, and Ashraf and Herzer () confirm the crowding‐out effect of greenfield foreign direct investments on domestic investments in developing countries. Contrarily, Duncan et al .…”

Section: Relevance Of the Crowding‐out Effect For Flood Governance Anmentioning

confidence: 99%

Effects of government flood expenditures: the problem of crowding‐out

Slavíková

2016

J Flood Risk Management

View full text Add to dashboard Cite

Large inland floods represent a serious threat to the Central European territory. It is therefore necessary to develop efficient flood‐risk management based on shared responsibility, stressing the importance of the self‐engagement of local actors (such as municipalities, household, etc.). Central government flood expenditures are an influential factor that shapes their motivation and expectations. In this context, the article investigates the relevance of the concept of crowding out. In particular, it search for the reflection of the concept in the flood governance literature. A thorough review of Web of Science sources in the past 20 years has been undertaken in this matter. Furthermore, the intention is to discuss the problem of data availability (especially regarding flood expenditures of central governments) for assessing the crowding‐out effect on a macroeconomic basis. The Czech central government's activity after the disastrous floods of 1997 and 2002 is used as a case study.

show abstract

The effects of greenfield investment and M&As on domestic investment in developing countries

Cited by 51 publications

References 10 publications

International Establishment Mode Choice: Past, Present and Future

International Establishment Mode Choice: Past, Present and Future

Does FDI crowd out domestic investment in transition countries?

Effects of government flood expenditures: the problem of crowding‐out

Contact Info

Product

Resources

About