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.
cross-border acquisitions, while co-ethnic-based ties enhance the probability of acquisitions in advanced markets.
| Original language | English |
|---|---|
| Title of host publication | Proceedings of the 54rd Annual Meeting of the Academy of International Business |
| Editors | Susan Feinberg, Tunga Kiyak |
| Place of Publication | East Lansing, MI |
| Publisher | Academy of International Business |
| Publication date | 2012 |
| Pages | 184 |
| Publication status | Published - 2012 |
| Event | AIB 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 2012 → 3 Jul 2012 Conference number: 54 http://aib.msu.edu/events/2012/ |
Conference
| Conference | AIB 2012 Annual Meeting |
|---|---|
| Number | 54 |
| Location | George Washington University and University of Maryland |
| Country/Territory | United States |
| City | Washington |
| Period | 30/06/2012 → 03/07/2012 |
| Internet address |
| Series | Academy of International Business. Annual Meeting. Proceedings |
|---|---|
| Volume | 54 |
| ISSN | 2078-4430 |