(Article of periodic en Anglais - 2014)

Document title

Local externalities and ownership choices in foreign acquisitions by multinational enterprises

Authors(s) and Affiliation(s)

MARIOTTI S. (1) ; PISCITELLO L. (1) ; ELIA S. (1) ;
(1) DIG-Politecnico di Milano, Milan, ITALIE


This article assesses the influence of spatial heterogeneity on the entry mode by multinational enterprises (MNEs) in Italy. Focusing on acquisitions, it claim that the location of the target firm influences the MNE’s ownership choice. It show that, in particular, core cities allow them to access a variety of information andknowledge as well as other externalities that are associated with international interconnectedness; industrial districts provide MNEs with easier access to industry-specific agglomeration economies. It concludes that these locations provide substitutes for different aspects of the target firm’s competences, thus reducing an MNE’s need to maintain a local partner


Article of periodic

published at : Economic geography / ISSN 0013-0095

Editor : Clark University, Worcester, MA - ETATS-UNIS (1925)

Millesime : 2014, vol. 90, no2 [pp. 187-211]



Digital Object Identifier

Go to electronic document thanks to its DOI : doi:10.1111/ecge.12039

Tous droits réservés © Prodig - Bibliographie Géographique Internationale (BGI), 2014
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