Emerging market firms鈥?acquisitions in advanced markets: Matching strategy with resource-, institution- and industry-based antecedents

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• 作者：Tamara Stucchi ; ^{ts.smg@cbs.dk}  ; [Author Vitae]
• 关键词：Emerging market firm ; Cross-border acquisition ; Institutional void ; Augmentation versus exploitation
• 刊名：European Management Journal
• 出版年：2012
• 期刊代码：11_02632373
• 类别：bus
• 出版时间：June, 2012
• 卷：30
• 期：3
• 页码：278-289
• 文件大小：440 K

摘要

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Summary

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鈥?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 鈥渇it鈥?their antecedents. Four mutually exclusive acquisition strategies are derived, which are then illustrated using examples of Indian firms鈥?acquisitions in advanced markets.