Size, Location and Agglomeration of Inward Foreign Direct Investment (FDI) in the United States

Halvorsen, Thomas

doi:10.1080/00343404.2010.506186

Cited by 28 publications

(25 citation statements)

References 47 publications

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“…The physical location of a firm, for example, can influence managerial competency via knowledge spillovers (Li et al, 2013). These take place when competencies such as manufacturing practices, R&D ideas, and management techniques are transferred between firms usually in close physical proximity (Jaffe et al, 1993;Branstetter, 2006;Halvorsen, 2010;Giroud & Scott-Kennel, 2009). Knowledge spillovers, which are commonly found, for example, in industrial clusters, are also generally more prevalent in developed markets.…”

Section: Strategic Asset-seeking and Entry Modementioning

confidence: 99%

“…Marketseeking variables consist of gross state product (LGSP), reflecting absolute market size (Buckley et al, 2007;Ramasamy et al, 2012;Huang & Wang, 2011;Bobonis & Shatz, 2007;Kolstad & Wiig, 2012;Cheng & Ma, 2007;Alon, 2010;Halvorsen, 2010;Head et al, 1995) and gross state product per capita (LGSPPC), reflecting spending power (OECD, 2012) (Kang & Jiang, 2012;Buckley et al, 2007;Ramasamy et al, 2012;Huang & Wang, 2011;Zhang & Daly, 2011;Duanmu, 2012;Cheng & Ma, 2007). Efficiency-seeking variables include the percentage of unionized employees in a given state (UNION) (Halvorsen, 2010;Friedman et al, 1992;Woodward, 1992;Coughlin et al, 1990;Bobonis & Shatz (2007); Head et al, 1999) and the highest marginal state corporate tax rate (TAX) (Fox, 1996;Woodward, 1992;Coughlin et al, 1990;Bobonis & Shatz, 2007;Head et al, 1999). The former proxies relative operating costs, including, for example, working conditions, and the latter reflects real tax rates paid to the state government over and above that given to the federal government.…”

Section: Dependent and Independent Variablesmentioning

confidence: 99%

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Entry mode and emerging market MNEs: An analysis of Chinese greenfield and acquisition FDI in the United States

Anderson

Sutherland

2015

Research in International Business and Finance

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The full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-prot purposes provided that:• a full bibliographic reference is made to the original source • a link is made to the metadata record in DRO • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders.Please consult the full DRO policy for further details. ABSTRACTA growing theoretical literature on emerging market MNEs argues they use aggressive acquisitions, often to psychically distant, developed host countries, to obtain the strategic assets that they themselves lack. The use of acquisitions as the dominant entry mode for strategic asset seeking, therefore stands at heart of current EM MNE theorizing. To date, however, systematic empirical testing of the motivations for different entry modes by EM MNEs is limited. In this paper we address this gap by exploring the motivations for greenfield and acquisitions. For important methodological reasons we draw our sample from a single host (the United States) and source country (China). Our results are broadly supportive of the growing theoretical literature on EM MNEs, arguing acquisitions are the primary mode of strategic asset seeking in developed markets.

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Section: Strategic Asset-seeking and Entry Modementioning

confidence: 99%

Section: Dependent and Independent Variablesmentioning

confidence: 99%

Entry mode and emerging market MNEs: An analysis of Chinese greenfield and acquisition FDI in the United States

Anderson

Sutherland

2015

Research in International Business and Finance

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“…According to a recent review of the innovation literature, innovation as an outcome 'is usually the key dependent variable in empirical studies related to innovation' (Crossan & Apaydin, 2010, p. 1169. Research expenditures are sometimes used as proxies for SAS (Chung & Alcácer, 2002;Halvorsen, 2012;Kornecki & Ekanayake, 2011).…”

Section: Methodsmentioning

confidence: 99%

An event study of home and host country patent generation in Chinese MNEs undertaking strategic asset acquisitions in developed markets

Anderson

Sutherland

Severe

2015

International Business Review

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Publisher's copyright statement: NOTICE: this is the author's version of a work that was accepted for publication in International Business Review. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reected in this document. Changes may have been made to this work since it was submitted for publication. A denitive version was subsequently published in International Business Review, 24, 5, October 2015, 10.1016/j.ibusrev.2015.01.007. Additional information:Use policyThe full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-prot purposes provided that:• a full bibliographic reference is made to the original source • a link is made to the metadata record in DRO • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders.Please consult the full DRO policy for further details. ABSTRACTWe use event study methodologies to analyze trends in home and host country patent applications of Chinese MNEs that acquire strategic asset-rich developed market businesses. Our results show the domestic market patents of Chinese MNEs rise significantly in the wake of such acquisitions, while those of the acquired target do not significantly change. These results hold for different ownership classes. In light of current theoretical debates, we discuss the possible motivations for such acquisitions by Chinese MNEs and the reasons for the observed patenting performance in both domestic and target businesses. We argue acquisition of codified strategic assets (such as patents) for the purpose of imitation and exploitation in the domestic Chinese market context provides one plausible explanation for our results.

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“…Links among firms also give rise to various forms of localized externalities including potential synergies (Scott, 1998;Storper, 1997), which could be important for multinationals seeking strategic assets. Halvorsen's (2012) empirical work examined the size of the investment and how that is determined by agglomeration and other state-level factors. Head et al (1995Head et al ( , 1999 demonstrated that even stronger agglomeration effects can be found between investments from the same home country.…”

Section: Agglomerationmentioning

confidence: 99%

Regional foreign direct investment potential of the states within the US

Kandoğan

2012

Journal of Economics and Business

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Size, Location and Agglomeration of Inward Foreign Direct Investment (FDI) in the United States

Cited by 28 publications

References 47 publications

Entry mode and emerging market MNEs: An analysis of Chinese greenfield and acquisition FDI in the United States

Entry mode and emerging market MNEs: An analysis of Chinese greenfield and acquisition FDI in the United States

An event study of home and host country patent generation in Chinese MNEs undertaking strategic asset acquisitions in developed markets

Regional foreign direct investment potential of the states within the US

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