Acquisition or greenfield entry into Africa? Responding to institutional dynamics in an emerging continent
Research Summary The dynamic development of a host country's institutional and factor market conditions is a critical consideration for multinational enterprises when entering emerging countries. By studying 2,245 foreign direct investments into Africa during the period 2008–2013, we find that MNEs are more likely to enter African countries that have formal institutions that are rapidly improving via greenfield investments. This is especially true for those MNEs with prior investment...[Show more]
|Collections||ANU Research Publications|
|Source:||Global Strategy Journal|
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