Foreign Entrant Survival and Foreign Market Share: Canadian Companies' Experience in United States Medical Sector Markets
نویسنده
چکیده
We show that successful foreign market entry is related to the extent of foreign presence in an industry at the time of entry. Survival of 31 Canadian-based businesses that entered 24 U.S. medical sector markets between 1968 and 1989 tended to be somewhat longer in product markets in which foreign-based businesses held a moderate market share when the Canadian businesses entered than in low and high foreign share product markets. The result controls several other industry and business-level factors, including industry concentration, entry year, corporate size, related diversification, entry mode, and service sector status.
منابع مشابه
Whose Culture Matters? Near-Market Knowledge and Its Impact on Foreign Market Entry Timing
Market entry decisions are some of a firm’s most important strategic choices. Although some recent studies have begun to consider the impact of learning and experience on foreign market entry, no study has examined the impact of a firm’s own operations in similar markets on subsequent entry decisions. In this study, we introduce the concept of near-market knowledge to reflect the knowledge firm...
متن کاملWhich U.S. Market Interactions Affect CEO Pay? Evidence from UK Companies
T paper examines how different types of interactions with U.S. markets by non-U.S. firms are associated with higher levels of CEO pay, greater emphasis on incentive-based compensation, and smaller pay gaps with U.S. firms. Using a sample of CEOs of UK firms and using both broad cross-sectional and narrow eventwindow tests, we find that capital market relationship in the form of a U.S. exchange ...
متن کاملA theoretical analysis on H-share discount
a r t i c l e i n f o In this paper, I investigate the determinants of price differences in the shares of cross-listed firms in domestic and foreign markets. Diverging from the literature in this field, I introduce a methodology that is independent of any specific form of utility function. My theoretical analysis indicates that investment opportunities and consumption growth cause price dispari...
متن کاملADDING VALUE: BUILDING VALUE-ADDITION ALLIANCES Backward Linkages In The Textile And Clothing Sector of Pakistan
The textile industry is the most important sector in Pakistan’s economy. Based on the availability of raw cotton, the industry provides the largest employment (38% of the total employment) and is also its largest foreign exchange earner. It contributes 68% of total exports, 46% of total manufacturing, 8.5% of total GDP, 31% of total investment and 12% of total market capitalization. Over the ye...
متن کاملMeasuring and Modeling Trans-Border Patent Rewards
Patent rewards in countries with strong patent systems and economies serve as worldwide inducements for technological progress. Due to the national treatment provisions of leading patent laws – requiring that foreign inventors be treated equally with inventors who are citizens of the countries enacting the laws – foreign inventors and companies gain access to patent-mediated market controls and...
متن کامل