Acquisition Versus Greenfield

Acquisitions versus Greenfield Investments: International Strategy and Management of Entry Modes Author(s): Anne-Wil Harzing Reviewed work(s): Source: strategical Management Journal, Vol. 23, No. 3 (Mar., 2002), pp. 211-227 Published by: toilet Wiley & Sons Stable URL: http://www.jstor.org/stable/3094362 . Accessed: 31/01/2012 11:49 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp JSTOR is a not-for-profit avail that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use tuition engineering science and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org. John Wiley & Sons is collaborating with JSTOR to digitize, husband and extend access to strategic Management Journal. http://www.jstor.org Strategic Management Journal Strat. Mgmt. J., 23: 211-227 (2002) DOI: 10.1002/smj.

218 ACQUISITIONS VERSUS GREENFIELD INVESTMENTS: INTERNATIONAL AND STRATEGY wariness ENTRYMODES OF ANNE-WIL HARZING* Faculty of Economics and Commerce, University of Melbourne, Parkville Campus, Melbourne, Victoria,Australia Thispaper adds an importantexplanatoryvariable to the well-established list offactors shown to influence the superior amid foreign acquisitions and greenfield investments: the international strategy followed by the multinational keep company (MNC) in question. The MNCs international strategy is subsequently linked to the vigilance of the two different entry modes by showing that differences in strategy are reflected in different headquarters-subsidiary descentsfor acquisitions and greenfields. Some aspects of this relationship are also shown to change over time, a motion that is mediated by the MNCs strategy. Copyright ? 2002 John Wiley & Sons, Ltd. INTRODUCTION The choice of entry... If you want to get a full essay, order it on our website: Orderessay

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