| Author: | Barkema, H. G. Vermeulen, F. |
| Title: | International expansion through start-up or acquisition: a learning perspective. |
| Journal: | Academy of Management Journal
1998 : FEB, VOL. 41:1, p. 7-26 |
| Index terms: | FOREIGN INVESTMENT MERGERS MULTINATIONAL COMPANIES NETHERLANDS |
| Language: | eng |
| Abstract: | The authors study whether firms expand internationally through start-ups or acquisitions. Hypotheses concern how this strategic choice is influenced by a firm's multinational diversity and product diversity. The results show that multinational diversity leads to foreign start-ups rather than acquisitions. Product diversity has a curvilinear effect on the tendency to use start-ups. The curvlinear effect becomes weaker at higher levels of multinational diversity. |
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