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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.
SCIMA record nr: 175286
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