TY - JOUR
T1 - Emerging Market Firms’ Acquisitions in Advanced Markets
T2 - Matching Strategy with Resource-, Institution- and Industry-Based Antecedents
AU - Stucchi, Tamara
PY - 2012
Y1 - 2012
N2 - This study draws upon the resource-based view and the institution-based view of the firm to provide a comprehensive overview of how different resource-, institution- and industry-based antecedents affect the motivations guiding the acquisitions that emerging market firms undertake in advanced markets. These antecedents can influence emerging market firms’ capacities to absorb or exploit technological and/or marketing advantages in advanced markets. In order to be successful, emerging market firms have to undertake those upmarket acquisitions that best “fit” their antecedents. Four mutually exclusive acquisition strategies are derived, which are then illustrated using examples of Indian firms’ acquisitions in advanced markets.
AB - This study draws upon the resource-based view and the institution-based view of the firm to provide a comprehensive overview of how different resource-, institution- and industry-based antecedents affect the motivations guiding the acquisitions that emerging market firms undertake in advanced markets. These antecedents can influence emerging market firms’ capacities to absorb or exploit technological and/or marketing advantages in advanced markets. In order to be successful, emerging market firms have to undertake those upmarket acquisitions that best “fit” their antecedents. Four mutually exclusive acquisition strategies are derived, which are then illustrated using examples of Indian firms’ acquisitions in advanced markets.
KW - Emerging Market Firm
KW - Augmentation Versus Exploitation
KW - Institutional Void
KW - Cross-border Acquisition
U2 - 10.1016/j.emj.2012.03.011
DO - 10.1016/j.emj.2012.03.011
M3 - Journal article
VL - 30
SP - 278
EP - 289
JO - European Management Journal
JF - European Management Journal
SN - 0263-2373
IS - 3
ER -