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Modes of Globalization and Firm Performance
Mikyung Yun 한국경제연구학회 2018 Korea and the World Economy Vol.19 No.3
Deepening regional economic integration in East Asia through GVC linkages provides new opportunities for MSMEs in the region. However, it is difficult to remain complacent about MSME’s ability to participate in the GVC effectively. Using a unique database on Vietnamese MSMEs, this paper examines MSME participation in global activities and its effect on firm performance, with a focus on discovering the differences between different modes of exporting. Results show that there is export premia in firm size and productivity, high sunk cost of exports and different firm characteristics between firms engaged in different modes of exporting. The size premium can be explained by the learning effect, especially by GVC trade. However, the productivity premium is weak and is not well explained by the selection effect nor the learning effect.
Technology Transfer and Competition : Does Mode of Foreign Entry Matter?
Mikyung Yun 한국경제연구학회 2010 Korea and the World Economy Vol.11 No.2
Greenfield FDI is often regarded as having more beneficial effect on the host economy than M&A. However, recent evidence shows that there may not be such a great difference between the two modes. This paper empirically tests some theoretical conclusions regarding entry mode decision and technology transfer. The results show that cross border M&A is more likely to occur, the lower the technology transfer cost. Also, the likelihood of M&A occurring increases with competition when competition level is low and decreases with competition when competition level is high. The results were however not statistically significant, suggesting that differences between the two entry modes are not very strong in practical terms.