How environment related factors affect entry mode selection for US-based companies

Abstract

The study is to investigate the effects of environmental related factors on entry mode choice of US-based companies in overseas expansion including non-equity alliances joint ventures and mergers and acquisitions The study uses a sample of public companies in United States from 1996 to 2015 The evidence suggests US firms are more likely to select entry modes with investment when the nominal GDP growth rate and stock market development in foreign markets are higher In addition US companies incline to choose foreign indirect investment to enter overseas markets when the stock market development in United States or currency value of Dollar improve However in equity investments US companies prefer to choose international joint venture rather than take cross border acquisition

Date of Award	2017 Jul 19
Original language	English
Supervisor	Shao-Chi Chang (Supervisor)