Fiche du document
1 septembre 2013
- handle: 10670/1.dp4lq5
- hal: hal-00852603
- doi: 10.1002/mde.2598
Ce document est lié à :
info:eu-repo/semantics/altIdentifier/doi/10.1002/mde.2598
Mots-clés
International diversification regulated firms lobbying Regulation nonmarket strategy international investments diversification L - Industrial Organization/L.L2 - Firm Objectives, Organization, and Behavior/L.L2.L25 - Firm Performance: Size, Diversification, and Scope L - Industrial Organization/L.L5 - Regulation and Industrial Policy/L.L5.L51 - Economics of Regulation F - International Economics/F.F2 - International Factor Movements and International Business/F.F2.F23 - Multinational Firms • International BusinessSujets proches
Businesses Firms Companies Enterprises Business organizations Organizations, BusinessCiter ce document
Santiago Urbiztondo et al., « International Expansion, Diversification and Regulated Firm Nonmarket Strategy », HAL-SHS : droit et gestion, ID : 10.1002/mde.2598
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Résumé
Previous studies have shown that regulated firms diversify for reasons that are different than for unregulated firms. We explore some of these differences by providing a theoretical model that starts by considering the firm-regulator relationship as an incomplete information issue, in which a regulated incumbent has knowledge that the regulator does not have, but the firm cannot convey hard information about this knowledge. The incumbent faces both market and nonmarket competition from a new entrant. In that context, we show that when the firm faces tough nonmarket competition domestically, going abroad can create a mechanism that makes information transmission to the regulator more credible. International expansion can thus be a way to solve domestic nonmarket issues in addition to being a catalyst for growth