A comparative analysis of location and non-location-bounded strategic asset seeking in emerging and developed market MNEs: An application of new internalization theory

被引：29
|
作者：
Sutherland, Dylan [1 ]
Anderson, John [2 ]
Hu, Zheyuan [1 ]
机构：
[1] Univ Durham, Sch Business, Mill Hill Lane, Durham DH1 3LB, England
[2] Univ Northern Iowa, Coll Business Adm, Cedar Falls, IA USA
来源：
INTERNATIONAL BUSINESS REVIEW | 2020年 / 29卷 / 02期
关键词：
New internalization theory; Emerging market MNEs; Location and non-location boundedness; Strategic asset seeking; FDI; INNOVATION PERFORMANCE EVIDENCE; KNOWLEDGE-SEEKING; DIRECT-INVESTMENT; OUTWARD FDI; CHINESE; DETERMINANTS; DIVERSIFICATION; MULTINATIONALS; ENTERPRISES; FIRMS;
D O I：
10.1016/j.ibusrev.2019.101635
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Do emerging market (E)MNEs have a stronger strategic asset seeking FDI orientation than developed market (D)MNEs? If so, what are the properties of the strategic assets they actually seek and are they similar or dissimilar to those of DMNEs? Drawing from new internalization theory, we show that lying concealed within some mainstream EMNE models are important predictions regarding differences in the location-boundedness properties of the strategic assets sought by EMNEs compared with DMNEs. Using multinomial logit modelling on 2414 international M&A deals, we explore how acquirer characteristics shape location-bounded (trademark) and non-location bounded (patent) strategic asset seeking choices. In general, we find evidence that EMNEs have a comparatively stronger patent but weaker trademark seeking orientation than DMNEs. We discuss implications for EMNE related theory, focusing on the qualitative differences in asset seeking orientation between EMNEs and DMNEs.
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页数：12
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