FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2159422796> ?p ?o ?g. }

• W2159422796 abstract "I. INTRODUCTION Even though foreign acquisitions of U.S. assets are predominantly in service sector industries, research on foreign takeovers of U.S. domestic firms has focused on manufacturing firms. As foreign takeovers and new establishments in service sector industries have grown in importance (see Figure 1), research on service sector foreign direct investment (FDI) has fallen behind in part because service FDI and trade in service sector industries are not measured as well as those in the goods producing sector (Jensen 2011). Our paper analyzes the comparative advantage characteristics of foreign takeovers and new establishments in the U.S. service sector providing an insight on service sector FDI in the United States. Economic policies on service sector industries sometimes include large restrictions on foreign investors, particularly in the areas of public utilities, transports, financial services, and wholesale/retail trade. These restrictions have been used in cases such as opposition to an acquisition of a U.S. port by investors in Dubai and refusal to ease restrictions requiring that U.S. airlines must be at least 75% owned by U.S. citizens (Golub 2009). These types of policies may be misguided especially if foreign ownership brings increases in efficiency to those firms and their industries. Moreover, foreign investments in service sector industries may boost the productivity of downstream users and upstream suppliers in manufacturing (Markusen, Rutherford, and Tarr 2005; Arnold, Javorcik, and Mattoo 2011; Javorcik and Li 2013). More research is needed to better understand FDI in U.S. service sector industries and help guide policy. [FIGURE 1 OMITTED] Previous research by Feliciano and Lipsey (2015), shows that both foreign acquisitions and new foreign establishments in manufacturing tend to be in industries of investing country's revealed comparative advantage (RCA) in exporting. Moreover, new foreign-owned establishments tend to be in industries of U.S. revealed comparative disadvantage. This suggests that foreign investors in the manufacturing sector bring intangible assets or skills that make them more competitive. The relationship between foreign takeovers and investments in new foreign establishments and RCA may be different in the service sector because the motivation for foreign investment in service sector firms is different from foreign investment in the manufacturing firms. Decisions on FDI in manufacturing are based on trade costs, coordination costs, and market size. Services are not storable, and thus the provision of some services requires geographic proximity. This feature makes direct investment in service sector necessary as opposed to cross-border trade. Bhattacharya, Patnaik, and Shah (2012) develop a model for the choice of trade and FDI in the service sector and find that, contrary to FDI in manufacturing, less productive firms may engage in FDI in the service sector. The relationship between foreign acquisitions and new foreign establishments in the service sector and the comparative advantage of the country of ultimate beneficial owner (UBO) may not be positive. We analyze data on foreign takeovers of existing U.S. firms and newly formed foreign-owned firms (greenfields) in service sector industries outside of finance, insurance, and real estate from 1998 to 2008 from the Bureau of Economic Analysis (BEA) U.S. Department of Commerce. BE A data are more complete and have more detailed information than the Thomson Financial Securities data, widely used in the study of foreign acquisitions. Unlike the Thomson Financial Securities data, BEA data include smaller not publicly traded firms, contain the value of assets acquired in all transactions, and have information on new foreign establishments. (1) To our knowledge, this is the first study to estimate a relationship between foreign takeovers and new foreign firms, and the RCA of the country of UBO in the U. …" @default.
• W2159422796 created "2016-06-24" @default.
• W2159422796 creator A5010298865 @default.
• W2159422796 creator A5030088953 @default.
• W2159422796 date "2015-07-20" @default.
• W2159422796 modified "2023-09-26" @default.
• W2159422796 title "FOREIGN ENTRY INTO U.S. SERVICE INDUSTRY BY TAKEOVERS AND THE CREATION OF NEW FIRMS" @default.
• W2159422796 cites W1504712536 @default.
• W2159422796 cites W1531674965 @default.
• W2159422796 cites W1979427225 @default.
• W2159422796 cites W2019661188 @default.
• W2159422796 cites W2032674819 @default.
• W2159422796 cites W2032911731 @default.
• W2159422796 cites W2036481593 @default.
• W2159422796 cites W2106507818 @default.
• W2159422796 cites W2129301332 @default.
• W2159422796 cites W2132064849 @default.
• W2159422796 cites W2141892516 @default.
• W2159422796 cites W2147674097 @default.
• W2159422796 cites W2169849920 @default.
• W2159422796 cites W3122960461 @default.
• W2159422796 cites W3124700281 @default.
• W2159422796 cites W3124949571 @default.
• W2159422796 cites W3125681742 @default.
• W2159422796 cites W3126025376 @default.
• W2159422796 doi "https://doi.org/10.1111/coep.12121" @default.
• W2159422796 hasPublicationYear "2015" @default.
• W2159422796 type Work @default.
• W2159422796 sameAs 2159422796 @default.
• W2159422796 citedByCount "2" @default.
• W2159422796 countsByYear W21594227962017 @default.
• W2159422796 countsByYear W21594227962020 @default.
• W2159422796 crossrefType "journal-article" @default.
• W2159422796 hasAuthorship W2159422796A5010298865 @default.
• W2159422796 hasAuthorship W2159422796A5030088953 @default.
• W2159422796 hasConcept C121426985 @default.
• W2159422796 hasConcept C136264566 @default.
• W2159422796 hasConcept C139719470 @default.
• W2159422796 hasConcept C144133560 @default.
• W2159422796 hasConcept C147859227 @default.
• W2159422796 hasConcept C155202549 @default.
• W2159422796 hasConcept C162324750 @default.
• W2159422796 hasConcept C162853370 @default.
• W2159422796 hasConcept C18547055 @default.
• W2159422796 hasConcept C191172861 @default.
• W2159422796 hasConcept C204983608 @default.
• W2159422796 hasConcept C2776207758 @default.
• W2159422796 hasConcept C2780378061 @default.
• W2159422796 hasConcept C31258907 @default.
• W2159422796 hasConcept C33842695 @default.
• W2159422796 hasConcept C40700 @default.
• W2159422796 hasConcept C41008148 @default.
• W2159422796 hasConcept C43246008 @default.
• W2159422796 hasConcept C50522688 @default.
• W2159422796 hasConceptScore W2159422796C121426985 @default.
• W2159422796 hasConceptScore W2159422796C136264566 @default.
• W2159422796 hasConceptScore W2159422796C139719470 @default.
• W2159422796 hasConceptScore W2159422796C144133560 @default.
• W2159422796 hasConceptScore W2159422796C147859227 @default.
• W2159422796 hasConceptScore W2159422796C155202549 @default.
• W2159422796 hasConceptScore W2159422796C162324750 @default.
• W2159422796 hasConceptScore W2159422796C162853370 @default.
• W2159422796 hasConceptScore W2159422796C18547055 @default.
• W2159422796 hasConceptScore W2159422796C191172861 @default.
• W2159422796 hasConceptScore W2159422796C204983608 @default.
• W2159422796 hasConceptScore W2159422796C2776207758 @default.
• W2159422796 hasConceptScore W2159422796C2780378061 @default.
• W2159422796 hasConceptScore W2159422796C31258907 @default.
• W2159422796 hasConceptScore W2159422796C33842695 @default.
• W2159422796 hasConceptScore W2159422796C40700 @default.
• W2159422796 hasConceptScore W2159422796C41008148 @default.
• W2159422796 hasConceptScore W2159422796C43246008 @default.
• W2159422796 hasConceptScore W2159422796C50522688 @default.
• W2159422796 hasLocation W21594227961 @default.
• W2159422796 hasOpenAccess W2159422796 @default.
• W2159422796 hasPrimaryLocation W21594227961 @default.
• W2159422796 hasRelatedWork W130092427 @default.
• W2159422796 hasRelatedWork W1492974050 @default.
• W2159422796 hasRelatedWork W1580202251 @default.
• W2159422796 hasRelatedWork W1590402019 @default.
• W2159422796 hasRelatedWork W1999847415 @default.
• W2159422796 hasRelatedWork W2122110779 @default.
• W2159422796 hasRelatedWork W2254420852 @default.
• W2159422796 hasRelatedWork W2257281583 @default.
• W2159422796 hasRelatedWork W2494823651 @default.
• W2159422796 hasRelatedWork W2500312809 @default.
• W2159422796 hasRelatedWork W3120317152 @default.
• W2159422796 hasRelatedWork W3121460394 @default.
• W2159422796 hasRelatedWork W3121743858 @default.
• W2159422796 hasRelatedWork W3122266454 @default.
• W2159422796 hasRelatedWork W3122398734 @default.
• W2159422796 hasRelatedWork W3123111814 @default.
• W2159422796 hasRelatedWork W3123261135 @default.
• W2159422796 hasRelatedWork W3124379491 @default.
• W2159422796 hasRelatedWork W3125798353 @default.
• W2159422796 hasRelatedWork W208453510 @default.
• W2159422796 isParatext "false" @default.
• W2159422796 isRetracted "false" @default.
• W2159422796 magId "2159422796" @default.
• W2159422796 workType "article" @default.