The evolution of strategic asset-seeking acquisitions by emerging market multinationals

被引：67

作者：

Elia, Stefano ^{[1
]}

Santangelo, Grazia D. ^{[2
]}

机构：

[1] Politecn Milan, Dept Management Econ & Ind Engn, Piazza Leonardo Da Vinci 32, I-20133 Milan, Italy

[2] Univ Catania, Dept Polit & Social Sci, Via Vittorio Emanuele 8, I-95131 Catania, Italy

来源：

INTERNATIONAL BUSINESS REVIEW | 2017年 / 26卷 / 05期

关键词：

Strategic asset-seeking acquisitions; Emerging market multinationals; National innovation system; Industry context; RESEARCH-AND-DEVELOPMENT; FOREIGN DIRECT-INVESTMENT; CHINESE FIRMS; INTERNATIONAL EXPANSION; DETERMINANTS; INNOVATION; MNES; HOME; INDIA; ADVANTAGES;

D O I：

10.1016/j.ibusrev.2017.02.004

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We study the extent to which emerging market multinational enterprises (EMNEs) engage in strategic asset-seeking acquisitions in advanced countries in relation to the strength of their home- and host country national innovation system (NIS). We suggest that early acquisitions by EMNEs were used to compensate for the EMNEs relatively weak home NIS, and targeted weaker host NIS to limit the cognitive gap EMNEs would need to address. Instead, more recent acquisitions by EMNEs are supported by a stronger home NIS, and target firms in stronger host NIS. We also propose that acquisitions by high-tech (versus non-high-tech) EMNEs need a stronger home NIS due to the technological complexity of the industry, and are limited when the complexity of a stronger host NIS adds to the industry context. We find support for most of our arguments on 179 acquisitions in the Triad by Brazilian, Russian, Indian and Chinese multinationals. (C) 2017 Elsevier Ltd. All rights reserved.

引用

页码：855 / 866

页数：12

共 50 条

[1] Strategic asset-seeking acquisitions by emerging market multinational enterprises and the liability of emergingness
Huang, Xinli
Liang, Yanze
Webber, Don
[J]. JOURNAL OF INTERNATIONAL MANAGEMENT, 2024, 30 (04)
[2] Strategic asset-seeking acquisitions, technological gaps, and innovation performance of Chinese multinationals
Liang, Yanze
Giroud, Axele
Rygh, Asmund
[J]. JOURNAL OF WORLD BUSINESS, 2022, 57 (04)
[3] Emerging multinationals' strategic asset-seeking M&As: a systematic review
Liang, Yanze
Giroud, Axele
Rygh, Asmund
[J]. INTERNATIONAL JOURNAL OF EMERGING MARKETS, 2021, 16 (07) : 1348 - 1372
[4] Strategic asset-seeking acquisitions and marketing capabilities of Chinese multinationals: An ability, motivation, and opportunity perspective
Hu, Xiaoting
Lyu, Wenjing
[J]. INDUSTRIAL MARKETING MANAGEMENT, 2024, 118 : 200 - 211
[5] Strategic asset-seeking foreign direct investments by emerging market firms: the role of institutional distance
Yang, Yang
Xu, Jia
Allen, Jonathan P.
Yang, Xiaohua
[J]. INTERNATIONAL JOURNAL OF EMERGING MARKETS, 2023, 18 (12) : 6081 - 6101
[6] Making the unlikely marriage work: The integration process of Chinese strategic asset-seeking acquisitions
Zheng, Qiuxia
Noorderhaven, Niels
Du, Jian
[J]. JOURNAL OF WORLD BUSINESS, 2022, 57 (03)
[7] Economic complexity and the global asset-seeking strategies of Chinese multinationals
Ascani, Andrea
Prenzel, Paula
[J]. INDUSTRY AND INNOVATION, 2023, 30 (05) : 556 - 584
[8] Emerging market multinationals' pursuit of strategic assets through cross-border acquisitions*
Chen, Yuhuilin
Gunessee, Saileshsingh
Hua, Xiuping
[J]. RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE, 2022, 63
[9] STRATEGIC ASSSSET-SEEKING ACTIVITIES OF EMERGING MULTINATIONALS: PERSPSPECTIVES ON FOREIGN ACQUISITIONS BY INDIAN PHARMACEUTICAL MNEs
Pradhan, Jaya Prakash
[J]. ORGANIZATIONS AND MARKETS IN EMERGING ECONOMIES, 2010, 1 (02) : 9 - 31
[10] Acquisitions by emerging market multinationals: Implications for firm performance
Buckley, Peter J.
Elia, Stefano
Kafouros, Mario
[J]. JOURNAL OF WORLD BUSINESS, 2014, 49 (04) : 611 - 632

← 1 2 3 4 5 →