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

Larissa Rabbiosi, Tamara Stucchi

    Research output: Chapter in Book/Report/Conference proceedingConference abstract in proceedingsResearchpeer-review

    Abstract

    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.
    Original languageEnglish
    Title of host publicationProceedings of the 54rd Annual Meeting of the Academy of International Business
    EditorsSusan Feinberg, Tunga Kiyak
    Place of PublicationEast Lansing, MI
    PublisherAcademy of International Business
    Publication date2012
    Pages184
    Publication statusPublished - 2012
    EventAIB 2012 Annual Meeting: Rethinking the Roles of Business, Government and NGOs in the Global Economy - George Washington University and University of Maryland, Washington, United States
    Duration: 30 Jun 20123 Jul 2012
    Conference number: 54
    http://aib.msu.edu/events/2012/

    Conference

    ConferenceAIB 2012 Annual Meeting
    Number54
    LocationGeorge Washington University and University of Maryland
    CountryUnited States
    CityWashington
    Period30/06/201203/07/2012
    Internet address
    SeriesAcademy of International Business. Annual Meeting. Proceedings
    Volume54
    ISSN2078-4430

    Cite this

    Rabbiosi, L., & Stucchi, T. (2012). Not for All: What Explains Cross-Border Acquisitions from Emerging Market Firms. In S. Feinberg, & T. Kiyak (Eds.), Proceedings of the 54rd Annual Meeting of the Academy of International Business (pp. 184). East Lansing, MI: Academy of International Business. Academy of International Business. Annual Meeting. Proceedings, Vol.. 54
    Rabbiosi, Larissa ; Stucchi, Tamara. / Not for All : What Explains Cross-Border Acquisitions from Emerging Market Firms. Proceedings of the 54rd Annual Meeting of the Academy of International Business. editor / Susan Feinberg ; Tunga Kiyak. East Lansing, MI : Academy of International Business, 2012. pp. 184 (Academy of International Business. Annual Meeting. Proceedings, Vol. 54).
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    abstract = "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 incross-border acquisitions, while co-ethnic-based ties enhance the probability of acquisitions in advanced markets.",
    author = "Larissa Rabbiosi and Tamara Stucchi",
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    Rabbiosi, L & Stucchi, T 2012, Not for All: What Explains Cross-Border Acquisitions from Emerging Market Firms. in S Feinberg & T Kiyak (eds), Proceedings of the 54rd Annual Meeting of the Academy of International Business. Academy of International Business, East Lansing, MI, Academy of International Business. Annual Meeting. Proceedings, vol. 54, pp. 184, Washington, United States, 30/06/2012.

    Not for All : What Explains Cross-Border Acquisitions from Emerging Market Firms. / Rabbiosi, Larissa; Stucchi, Tamara.

    Proceedings of the 54rd Annual Meeting of the Academy of International Business. ed. / Susan Feinberg; Tunga Kiyak. East Lansing, MI : Academy of International Business, 2012. p. 184 (Academy of International Business. Annual Meeting. Proceedings, Vol. 54).

    Research output: Chapter in Book/Report/Conference proceedingConference abstract in proceedingsResearchpeer-review

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    N2 - 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 incross-border acquisitions, while co-ethnic-based ties enhance the probability of acquisitions in advanced markets.

    AB - 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 incross-border acquisitions, while co-ethnic-based ties enhance the probability of acquisitions in advanced markets.

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    Rabbiosi L, Stucchi T. Not for All: What Explains Cross-Border Acquisitions from Emerging Market Firms. In Feinberg S, Kiyak T, editors, Proceedings of the 54rd Annual Meeting of the Academy of International Business. East Lansing, MI: Academy of International Business. 2012. p. 184. (Academy of International Business. Annual Meeting. Proceedings, Vol. 54).