Not for All: What Explains Cross-Border Acquisitions from Emerging Market Firms

Larissa Rabbiosi, Tamara Stucchi

    Publikation: Bidrag til bog/antologi/rapportKonferenceabstrakt i proceedingsForskningpeer review

    Abstrakt

    Drawing upon the resource-based view, we examine how the degree of geographic fungibility of firm-specific resources (upstream, downstream and relational assets) relates to the location choice of international acquisitions made by emerging market firms. We test our hypotheses on 14,330 observations of Indian firms observed in the period 2006-2010. The results suggest that upstream (technological) resources enhance acquisitions in developed markets while acquisitions in other developing countries are more likely when the emerging market firm owns greater advertising resources. Relational assets also contribute in explaining the destination of acquisitions by emerging market firms: local-based ties inhibit the probability of engaging in
    cross-border acquisitions, while co-ethnic-based ties enhance the probability of acquisitions in advanced markets.
    OriginalsprogEngelsk
    TitelProceedings of the 54rd Annual Meeting of the Academy of International Business
    RedaktørerSusan Feinberg, Tunga Kiyak
    UdgivelsesstedEast Lansing, MI
    ForlagAcademy of International Business
    Publikationsdato2012
    Sider184
    StatusUdgivet - 2012
    BegivenhedAIB 2012 Annual Meeting: Rethinking the Roles of Business, Government and NGOs in the Global Economy - George Washington University and University of Maryland, Washington, USA
    Varighed: 30 jun. 20123 jul. 2012
    Konferencens nummer: 54
    http://aib.msu.edu/events/2012/

    Konference

    KonferenceAIB 2012 Annual Meeting
    Nummer54
    LokationGeorge Washington University and University of Maryland
    Land/OmrådeUSA
    ByWashington
    Periode30/06/201203/07/2012
    Internetadresse
    NavnAcademy of International Business. Annual Meeting. Proceedings
    Vol/bind54
    ISSN2078-4430

    Citationsformater