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雷达卡
by Ashley Thomas Lenihan (Author)
About the Author
Ashley Thomas Lenihan is a Fellow at the Centre for International Studies at the London School of Economics and Political Science, a Senior Fellow at the Institute for Law, Science, and Global Security at Georgetown University, and a Term Member of the Council on Foreign Relations. Her research focuses on the relationship between state power and foreign direct investment from an international relations perspective.
About this book
Why do states block some foreign direct investment on national security grounds even when it originates from within their own security community? Government intervention into foreign takeovers of domestic companies is on the rise, and many observers find it surprising that states engage in such behaviour not only against their strategic and military competitors, but also against their closest allies. Ashley Lenihan argues that such puzzling behaviour can be explained by recognizing that states use intervention into cross-border mergers and acquisitions as a tool of statecraft to internally balance the economic and military power of other states through non-military means. This book tests this theory using quantitative and qualitative analysis of transactions in the United States, Russia, China, and fifteen European Union states. It deepens our understanding of why states intervene in foreign takeovers, the relationship between interdependence and conflict, the limits of globalization, and how states are balancing power in new ways.
Brief contents
Introduction 1
International Finance and International Security 2
Puzzling Behavior 4
Intervention in Empirical Context 7
Placing the Theory behind Intervention in Context 16
The Significance 22
1 A Theory of Non-Military Internal Balancing 31
Introduction 31
National Security and Foreign Takeovers 32
Economic Interdependence and Power 38
The Theory 40
Methodology 55
Conclusion 61
2 The Numbers: Assessing the Motivations Behind State Intervention into Foreign Takeovers 70
Introduction 70
The Variables 70
Independent Variables 71
Specification of the Models and Expected Results 75
Results 78
Conclusion 88
3 Unbounded Intervention: The State and the Blocked Deal 93
Introduction 93
Defining Unbounded Intervention 94
Case Selection 97
Case 1: PepsiCo/Danone 100
Case 2: CNOOC/Unocal 109
Case 3: Check Point/Sourcefire 134
Case 4: Macquarie/PCCW 140
Conclusion 147
4 Unbounded or Overbalancing? An Outlier Case 158
Introduction 158
Case 5: DPW/P&O 159
Conclusion 185
5 Bounded Intervention: Mitigating Threats to National Security 196
Introduction 196
Defining Bounded Intervention 196
Case 6: Alcatel/Lucent 216
Case 7: Lenovo/IBM 231
Conclusion 244
6 Non-Intervention and the “Internal” Intervention Alternative 253
Introduction 253
Part I: Non-Intervention 253
Case 8: CGG/Veritas 255
Case 9: JP Morgan/Troika Dialog 257
Part II: Internal Intervention 267
Case 10: GdF/Suez 271
Conclusion 278
Conclusion 281
The Theoretical Context 281
Non-Military Internal Balancing 283
Significance 284
Concluding Thoughts 296
Appendix A Alternative Independent Variables Considered 299
Appendix B Descriptive Statistics of Variables in MNLMs I–IV 303
Appendix C MNLM III and Resource Dependency 307
Appendix D Descriptive Statistics of Dataset Variables: Frequencies 309
Appendix E Bivariate Correlations of Dataset Variables 310
Appendix F Negative Case Selection 311
References 314
Index 351
Length: 372 pages
Publisher: Cambridge University Press (May 24, 2018)
Language: English
ISBN-10: 1107181860
ISBN-13: 978-1107181861
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