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

页码：9 / 30

页数：22

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