| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6090 |
| DP6090 The Political Economy of Public Investment | |
| Frederick van der Ploeg; Roel Beetsma | |
| 发表日期 | 2007-02-14 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | This paper studies how the surplus generated by the globalization process is divided between MNEs and owners of domestic assets. We construct an oligopoly model where the equilibrium acquisition pattern, the acquisition price and firms' greenfield investments are endogenously determined. Acquisition entry is shown to be more likely when the complementarity between domestic and foreign assets is high. However, we show that such acquisitions might have a low profitability, since the bidding competition over the domestic assets is then so fierce that the firms involved would be better off not starting a bidding war. Risks associated with different entry modes are also examined. |
| 主题 | Industrial Organization |
| 关键词 | Fdi Greenfield investments Investment liberalization. Mergers and acquisitions |
| URL | https://cepr.org/publications/dp6090 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534929 |
| 推荐引用方式 GB/T 7714 | Frederick van der Ploeg,Roel Beetsma. DP6090 The Political Economy of Public Investment. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
