haku: @indexterm options / yhteensä: 342
viite: 8 / 342
| Tekijä: | Brouthers, K. D. Dikova, D. |
| Otsikko: | Acquisitions and real options: the greenfield alternative |
| Lehti: | Journal of Management Studies
2010 : SEP, VOL. 47:6 p. 1048-1071 |
| Asiasana: | options consolidation mergers emerging markets Eastern Europe |
| Kieli: | eng |
| Tiivistelmä: | Using real options theory, it is proposed that greenfield start-up ventures provide a real option alternative to acquisitions for companies founding new international subsidiary units. To test this, a sample of Western European companies entering the emerging economies of Eastern Europe are investigated. The findings propose that acquisitions are a good choice only when companies enter markets with low demand uncertainty and when these companies have acquisition-based strategic flexibility. Overall, the analysis shows that greenfield ventures seem to provide companies with a real option when making the acquisition decision. |
SCIMA