An Open Access Journal
From: Logistics FDI in Italy: integration strategies and motivations
Motivation | Integration strategies | |||||
---|---|---|---|---|---|---|
Horizontal | Vertical | Conglomerate | ||||
Hypothesis | Results | Hypothesis | Results | Hypothesis | Results | |
Competitive considerations | ||||||
1a) Increasing market or political power | c | c | b | c | a | a |
1b) Defending market share | c | c | b | c | a | n.t. |
Efficiency considerations | ||||||
2a) Economies of scale | c | c/a(1) | a | b | a | b |
2b) Economies of scope | a | a | c | c | a | a |
2c) Elimination of transaction costs | a | a | c | c | a | b |
Other considerations | ||||||
3a) Regulation | b | c | b | n.t. | a | n.t. |
3b) Access to technologies | c | n.t. | b | n.t. | b | n.t. |
3c) High capital return | a | a | c |