Although the industrial organization and internalization approaches are two major alternative explanations for the multinational enterprise and its foreign direct investment (FDI), internalization theory has prevailed in recent literature, despite its known empirical deficiencies. Furthering internalization theory, this book develops an FDI signalling framework, proposing that the firm's direct investment influences the perceptions of less-informed market participants. The signalling concept is derived from the internalization premise that a firm's intangible assets in know-how cannot be correctly priced in a market with asymmetric information, and this motivates the firm's decision to undertake FDI. If the premise is correct, the firm's decision is based on inside information, and the firm's action reveals that information to the market. The firm's FDI internalization is evidence of management's confidence in its intangible assets, and its action may further influence market perception. The hypotheses generated along this line of analysis are subjected to investigation, and the evidence is supportive of the FDI signalling proposition. Moreover, the study is an indirect test of internalization. As a result, internalization is transformed from a pure theory to an empirical format.
具體描述
讀後感
評分
評分
評分
評分
用戶評價
相關圖書
本站所有內容均為互聯網搜索引擎提供的公開搜索信息，本站不存儲任何數據與內容，任何內容與數據均與本站無關，如有需要請聯繫相關搜索引擎包括但不限於百度，google,bing,sogou 等
© 2025 qciss.net All Rights Reserved. 小哈圖書下載中心 版权所有