The aim of the paper is to investigate the integration strategies (vertical, horizontal and conglomerate) undertaken by foreign logistics multinational enterprises (MNE) in Italy, and analyze the related motivations. The empirical analysis consists of descriptive statistics, which makes use of the LogINT database, monitoring inward logistics foreign direct investments (FDI) in Italy in 2000–2008, and of additional information on the foreign logistics MNE’s integration strategies. It results that inward logistics FDI are mainly horizontal, that is they operate in the same parent company’s sub-industry, and are mainly driven by market power’ and economies of scale’ increase. Vertical integrations, which are in a logistics sub-industry differing from the MNE’s one, are driven by competitive considerations, by the need to reach economies of scope and reduce transaction costs. The conglomerate integrations, which are mainly undertaken by financial and real estate investors and manufacturing firms, are motivated by the need to achieve economies of scale and reduce transaction costs. The empirical analysis has showed that the motivations driving inward FDI are often multiple and differ according to the peculiarities of the sub-industry.
Document type: Article
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