Acquisition Behavior of Emerging Versus Developed Market Multinationals

IF 0.9 Q3 ECONOMICS

Organizations and Markets in Emerging Economies Pub Date : 2019-05-28 DOI:10.15388/OMEE.2019.10.00001

Kashif Ahmed, Ralf Bebenroth

引用次数: 6

Abstract

The purpose of this paper is to investigate how emerging and developed market multinationals (EMMs and DMMs) differ in their acquisition behavior (vis-à-vis the choice of partial versus full acquisitions) when entering a developed market economy, Japan. We hypothesize that EMMs prefer partial acquisitions, whereas DMMs prefer full acquisitions due to what we call the country-of-origin effect. Additionally, we hypothesize that this country-of-origin effect is more pronounced for smaller firms. The results, based upon 224 strategic cross-border acquisitions in Japan, support these two hypotheses. This study contributes to the literature on EMMs.

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新兴市场跨国公司与发达市场跨国公司的收购行为

本文的目的是调查新兴市场和发达市场跨国公司（EMM和DMM）在进入日本发达市场经济时，其收购行为（相对于部分收购和全部收购的选择）的差异。我们假设EMM更喜欢部分收购，而DMM更喜欢完全收购，因为我们称之为原产国效应。此外，我们假设这种原产国效应对较小的公司更为明显。基于日本224项战略性跨境收购的研究结果支持了这两个假设。本研究有助于EMM的文献研究。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Organizations and Markets in Emerging Economies ECONOMICS-

CiteScore

1.60

自引率

0.00%

发文量

审稿时长

20 weeks

期刊介绍： The journal aims to contribute to the development and dissemination of multidisciplinary knowledge on organizations and markets in emerging economies, to increase dialogue among scholars focused on a specific emerging economy or region and to encourage and give an outlet to high quality scholarship, both local and international, to this subject. Organizations and Markets in Emerging Economies welcomes analysis of emerging economies from the perspectives of organizational sciences, marketing, economics, finance and related disciplines. The journal appreciates studies that highlight specificities and patterns that occur in emerging economies and develop new empirical and theoretical knowledge on the subject.