The Choice between Greenfield Investment and Cross-border M&A:Empirical Research on Chinese Enterprises Investing in America
On the basis of the former researches, this article using the Binary Logit model, makes an empirical analysis on how the factors of enterprises influence the choice of Chinese enterprises between greenfield investment and cross-border M&A investing in America. As a result, we find that,①the multinational experiences is correlated positively with the opportunity ratio of choosing cross-border M&A,②the relation degree of product, the experiences in America ,the diversification strategy, the capital scale and the investment scale have no correlation with the opportunity ratio of choosing greenfield investment or cross-border M&A.
Chinese Enterprises Investment in America Greenfield Investment Cross-Border M&A Choice
GUO Guanfu ZHOU Hongyun
College of Business Administration,Zhejiang University of Technology,P.R.China,310014 Trade and Economic Management College,Lishui University,P.R.China,323000
国际会议
The 5th International Annual Conference on WTO and Financial Engineering(第五届WTO与金融工程国际会议)
杭州
英文
613-619
2008-05-18(万方平台首次上网日期,不代表论文的发表时间)