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Brownfield Entry in Emerging Markets
Klaus E. Meyer and Saul Estrin
Journal of International Business Studies
Vol. 32, No. 3 (3rd Qtr., 2001), pp. 575-584
Published by: Palgrave Macmillan Journals
Stable URL: http://www.jstor.org/stable/3069498
Page Count: 10
You can always find the topics here!Topics: Brownfields, Investors, Business structures, Emerging markets, Economic resources, Economic costs, Investment strategies, Transaction costs, International financial management, International business
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This paper focuses on the brownfield entry mode, as a special case of acquisition, in which the resources transferred by the investor dominate over those provided by the acquired firm. We see this mode as having particular relevance for entry strategies in emerging markets. The choice of entry mode is analyzed on the basis of a framework utilizing both resource-based and transaction-cost theories. The resource requirements have to be matched with resources available to the investor through an acquired firm, and the decision has to account for the costs of acquiring and integrating the resources.
Journal of International Business Studies © 2001 Palgrave Macmillan Journals