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| Tekijä: | Ruckman, K. |
| Otsikko: | Mode of entry mode into a foreign market: the case of U.S. mutual funds in Canada |
| Lehti: | Journal of International Economics
2004 : MAR, VOL. 62:2, p. 417-432 |
| Asiasana: | Entry conditions Foreign investment Service industries Trade Unit trusts Canada USA |
| Kieli: | eng |
| Tiivistelmä: | U.S. mutual fund companies offer funds in Canada through two channels: foreign direct investment or trade in advisement services. The total value of U.S.-controlled funds amounts to 18% of the Canadian equity fund market. It is investigated in this paper, how the fund-level and company-level characteristics affect the channel used to enter the Canadian market. Empirical results show that the funds offered through FDI are not especially successful in the U.S. market but are associated with dominant companies, whereas the funds offered through trade in advisement services are highly successful in the U.S. market and are from companies with relatively few successful funds. |
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