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Greenfield or Acquisition Entry: A Review of the Empirical Foreign Establishment Mode Literature

Arjen Slangen and Jean-Francois Hennart

ERIM Report Series Research in Management from Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam

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.

Keywords: acquisition; establishment mode choice; greenfield; review (search for similar items in EconPapers)
JEL-codes: D92 F23 M M14 R30 (search for similar items in EconPapers)
Date: 2007-09-11
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Citations: View citations in EconPapers (74)

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