The Multinational Enterprise
b'This thesis analyzes the strategic market entry decisions of multinational enterprises. The dissertation is organized in four chapters. Chapter 1 serves as an introduction and describes the recent trends and relevant literature as regards this form of international capital flows. Chapter 2 and chapter 3 analyze the optimal mode of foreign market entry. Therefore two alternative modes are distinguished: Greenfield investment, i.e. investment in a new facility, or acquisition of an existing company. In chapter 2 the effect of competition on the entry mode choice is concerned. Chapter 3 also examines the optimal entry mode and places particular interest on the effect of asymmetric information. Chapter 4 asks how potential spillovers affect the incentive to transfer technology in an international joint venture.'