Greenfield versus cooperative entry in emerging economies: a resource-based and institutional perspective.

From:
Department for International Development
Published
1 January 2004
Country:
Vietnam, India, South Africa, Egypt
Document Type:
Discussion Paper
Theme:
Economic Growth
Authors:
Meyer, K.E.

Abstract

Foreign investor's choice between greenfield and cooperative entry has to balance the transfer and exploitation of resources with their augmentation by local learning and complementary acquisitions. In emerging economies, these processes are subject to less sophisticated institutional frameworks and weaker endowments of created assets. This paper outlines how the analysis of business strategy can be adapted to emerging economy contexts. Using a unique survey data, propositions are tested in four emerging markets, Egypt, India, South Africa and Vietnam.

Citation

Discussion Paper Series, Centre for New and Emerging Markets, London Business School, No. 33, London, UK, 50 pp.

Greenfield versus cooperative entry in emerging economies: a resource-based and institutional perspective.

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Published 1 January 2004
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