| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w5029 |
| 来源ID | Working Paper 5029 |
| Exploring New Markets: Direct Investment, Contractual Relations and the Multinational Enterprise | |
| Ignatius J. Horstmann; James R. Markusen | |
| 发表日期 | 1995-02-01 |
| 出版年 | 1995 |
| 语种 | 英语 |
| 摘要 | We consider the multinational firm's decision on whether to enter a new market immediately via direct investment or to contract initially with a local agent and (possibly) invest later. Use of a local agent allows the multinational to avoid costly mistakes by finding out if the market is large enough to support direct investment. However, the agent is able to extract information rents from the multinational due to being better informed about market characteristics. We find that direct investment is the desirable mode of entry when the market is on average large and there is little down- side risk in expected profits. |
| 主题 | International Economics ; International Factor Mobility |
| URL | https://www.nber.org/papers/w5029 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/562458 |
| 推荐引用方式 GB/T 7714 | Ignatius J. Horstmann,James R. Markusen. Exploring New Markets: Direct Investment, Contractual Relations and the Multinational Enterprise. 1995. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w5029.pdf（403KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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