The Theoretical and Empirical Studies of Foreign Direct Investment Choice Based on Real Option Approach
When Cross-border Mergers and Acquisitions have became the main form of FDI, however,Chinas FDI inflow is still Greenfield investment. Based on this phenomenon, this paper built a real option dynamic model to analyze the factors of FDI choice. We discover that uncertainty of investment environment, the additional cost and flexibility are the main reasons. The main reason of most FDI into China preferring to the greenfield investment is that the foreign direct investment concentrates in the manufacturing industry as well as the constraint of our countrys legal and political environment.
Foreign direct investment greenfield investment Cross-border M&A Mode Choice Real Option
XU Xuyong CUI Yongmei
School of Economics and Management Beijing Jiaotong University,P.R.China,100044
国际会议
2008 International Conference of Management Science and Engineering(2008管理科学与工程国际学术会议)
河南焦作
英文
1351-1356
2008-11-01（万方平台首次上网日期，不代表论文的发表时间）