The internationalisation of Indian multinationals: determinants of expansion through acquisitions
In recent years, there is an increasing number of papers focusing on the internationalisation process of Indian multinationals. However, there is still a gap in understanding the determinants of their outward foreign direct investment (FDI) decisions. Thus, this paper analyses the factors influencing the choice between FDI modes by Indian firms. Our findings show that industry technological intensity, host country risk, host market attractiveness, previous international experience and the volume of exports from India to the host country are determining factors of the choice between acquisitions and greenfields.
This study examines the influence of ownership on ex-dividend prices and trading behaviours. Using institutional ownership as a proxy for ownership heterogeneity, allows us to investigate if tax di ...