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Author:López-Duarte, C.
García-Canal, E.
Title:Stock market reaction to foreign direct investments: interaction between entry mode and FDI attributes
Journal:Management International Review
2007 : VOL. 47:3, p.393-422
Index terms:foreign investment
direct investment
event studies
Freeterms:multinationality and performance
entry mode
Language:eng
Abstract:The aim of this paper is to test whether the stock market reaction to FDIs is dependent not only on the entry mode that the investing firm may have chosen, but also on the interaction between the entry mode and the other FDIs' attributes. By focusing on the recent international expansion by means of FDIs of listed Spanish firms, the study found that stock market reaction to FDIs depends upon the interaction between the entry mode and the location of the investment, the identity of the investor and the latter's international experience.
SCIMA record nr: 264952
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