Adapt to the wild: the effect of dynamic capabilities on international entry mode

IF 1.1 Q4 MANAGEMENT

INTERNATIONAL STUDIES OF MANAGEMENT & ORGANIZATION Pub Date : 2020-01-02 DOI:10.1080/00208825.2019.1703379

Y. Liu, Yuanfei Kang

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引用次数: 3

Abstract

Abstract The literature about the relationship between an emerging market enterprise (EME)’s dynamic capabilities and its international entry modes, such as cross-border mergers and acquisitions (M&A) and Greenfield investment, is limited. This study offers a model based on the dynamic capability perspective complemented by the industry-based view and institutional theory. The proposed hypotheses are tested using binary logistic models with survey data from 303 Chinese outward foreign direct investment firms. The findings confirm that an EME’s adaptive dynamic capabilities that are contingent upon industry and institutional actors influence its international entry mode strategic choices. Results show that adaptive dynamic capability can positively affect the likelihood of an EME opting for a Greenfield foreign direct investment (FDI) rather than cross-border M&A. The host country’s institutional quality and home country industry conditions-–industry research and development (R&D) input–-also can positively influence an EME to opt for Greenfield investment. Suggestions for future research and managerial implications are also discussed.

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适应野外:动态能力对国际进入模式的影响

摘要关于新兴市场企业动态能力与其跨国并购、绿地投资等国际进入方式之间关系的研究文献有限。本文提出了一个以动态能力视角为基础，辅之以产业视角和制度理论的模型。本文采用二元logistic模型对303家中国对外直接投资企业的调查数据进行了检验。研究结果证实，新兴市场企业的国际进入模式战略选择取决于行业和制度参与者的适应动态能力。结果表明，适应动态能力对中小企业选择绿地对外直接投资(FDI)而非跨境并购的可能性有正向影响。东道国的制度质量和本国的行业条件——行业研发(R&D)投入——也会对EME选择绿地投资产生积极影响。本文还讨论了对未来研究和管理意义的建议。

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

INTERNATIONAL STUDIES OF MANAGEMENT & ORGANIZATION MANAGEMENT-

CiteScore

2.60

自引率

14.30%

发文量