ACQUISITION BEHAVIOR OF EMERGING VERSUS DEVELOPED MARKET MULTINATIONALS

被引：6
|
作者：
Ahmed, Kashif [1 ]
Bebenroth, Ralf [2 ]
机构：
[1] Kobe Univ, Grad Sch Business Adm, Kobe, Hyogo, Japan
[2] Kobe Univ, Res Inst Econ & Business Adm RIEB, Kobe, Hyogo, Japan
来源：
ORGANIZATIONS AND MARKETS IN EMERGING ECONOMIES | 2019年 / 10卷 / 01期
基金：
美国国家卫生研究院;
关键词：
Emerging markets multinationals (EMMs); developed market multinationals (DMMs); partial acquisitions; full acquisitions; Japan; CROSS-BORDER ACQUISITION; ENTRY MODE; FOREIGN ACQUISITIONS; CULTURAL DISTANCE; ECONOMY FIRMS; OWNERSHIP CHOICES; NATIONAL CULTURE; JOINT VENTURES; MNES; INTERNATIONALIZATION;
D O I：
10.15388/omee.2019.10.00001
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The purpose of this paper is to investigate how emerging and developed market multinationals (EMMs and DMMs) differ in their acquisition behavior (vis-a-vis the choice of partial versus full acquisitions) when entering a developed market economy, Japan. We hypothesize that EMMs prefer partial acquisitions, whereas DMMs prefer full acquisitions due to what we call the country-of-origin effect. Additionally, we hypothesize that this country-of-origin effect is more pronounced for smaller firms. The results, based upon 224 strategic cross-border acquisitions in Japan, support these two hypotheses. This study contributes to the literature on EMMs.
引用
收藏
页码：9 / 30
页数：22
相关论文
共 50 条
12345