2.50
Hdl Handle:
http://hdl.handle.net/2173/86238
Title:
UK direct investment in the United States: a mode of entry analysis
Authors:
Nisbet, Peter; Thomas, Wayne; Barrett, Stuart
Citation:
International journal of the economics of business, 2003, vol. 10, no. 3, pp. 1357-1516
Publisher:
Routledge
Issue Date:
2003
URI:
http://hdl.handle.net/2173/86238
DOI:
10.1080/1357151032000126229
Additional Links:
http://www.tandf.co.uk/journals/routledge/13571516.asp
Abstract:
This article investigates the reasons underlying the high propensity of UK firms to directly invest in the United States via acquisition and merger. Using a binomial logit model, this study analyses data from 142 firms in five industrial sectors over the period 1984-1994. Together, these sectors account for more than 80% of UK foreign direct investment (FDI) in the sample period. The results highlight the role of diversification in explaining this behaviour. In contrast, the relative lack of evidence to support the role of exchange rates and leverage in influencing the decision to merge/acquire continues to fuel division as to the role of capital market imperfections in determining mode of entry.
Type:
Article
Language:
en
Description:
Full-text of this article is not available in this e-prints service. This article was originally published following peer-review in International Journal of the Economics of Business, published by and copyright Routledge.
Keywords:
Foreign direct investment; Mode of entry
ISSN:
1357-1516
EISSN:
1466-1829

Full metadata record

DC FieldValue Language
dc.contributor.authorNisbet, Peteren
dc.contributor.authorThomas, Wayneen
dc.contributor.authorBarrett, Stuarten
dc.date.accessioned2009-11-16T14:10:25Z-
dc.date.available2009-11-16T14:10:25Z-
dc.date.issued2003-
dc.identifier.citationInternational journal of the economics of business, 2003, vol. 10, no. 3, pp. 1357-1516en
dc.identifier.issn1357-1516-
dc.identifier.doi10.1080/1357151032000126229-
dc.identifier.urihttp://hdl.handle.net/2173/86238-
dc.descriptionFull-text of this article is not available in this e-prints service. This article was originally published following peer-review in International Journal of the Economics of Business, published by and copyright Routledge.en
dc.description.abstractThis article investigates the reasons underlying the high propensity of UK firms to directly invest in the United States via acquisition and merger. Using a binomial logit model, this study analyses data from 142 firms in five industrial sectors over the period 1984-1994. Together, these sectors account for more than 80% of UK foreign direct investment (FDI) in the sample period. The results highlight the role of diversification in explaining this behaviour. In contrast, the relative lack of evidence to support the role of exchange rates and leverage in influencing the decision to merge/acquire continues to fuel division as to the role of capital market imperfections in determining mode of entry.en
dc.language.isoenen
dc.publisherRoutledgeen
dc.relation.urlhttp://www.tandf.co.uk/journals/routledge/13571516.aspen
dc.subjectForeign direct investmenten
dc.subjectMode of entryen
dc.titleUK direct investment in the United States: a mode of entry analysisen
dc.typeArticleen
dc.identifier.eissn1466-1829-
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