A digitalized global economy: Studying the effect of digital readiness of countries on international merger and acquisition flows

IF 3 4区 管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE
M. M. Moeini Gharagozloo, Chen Chen, Anil Nair, Ali Moeini Gharagozloo
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引用次数: 3

Abstract

ABSTRACT In the dynamic economic paradigm of the 21st century, the increasing importance of digitalization of economies motivates research on the role it plays for international capital flows. While the literature suggests that digitalization is revolutionizing different industries and sectors, few studies explore how the level of digital readiness of countries is impacting their abilities in attracting international investments. Drawing on insights from the resource-based view perspective this paper examines whether a country’s digital readiness helps it attract capital flows through increased international mergers and acquisitions (IMA). We argue that a higher level of digital readiness of a host country is associated with more IMAs targeting that country, especially for IMA deals in technology-intensive industries. We find evidence consistent with our model using a sample of 5347 IMAs by publicly traded US firms during the period 2010–2016. Overall, this study contributes to a better understanding of the mechanisms through which digitalization of economies impacts the global strategies of firms. The findings of this study provide evidence to policy makers about the impact of digital readiness on economy and this study is the first to examine the role of digital readiness in attracting IMAs.
数字化的全球经济:研究各国数字化准备程度对国际并购流动的影响
在21世纪充满活力的经济范式中,经济数字化的重要性日益增加,促使人们研究数字化对国际资本流动的作用。虽然文献表明数字化正在改变不同的行业和部门,但很少有研究探讨各国的数字化准备水平如何影响其吸引国际投资的能力。根据资源基础观点的见解,本文研究了一个国家的数字化准备是否有助于通过增加国际并购(IMA)吸引资本流动。我们认为,东道国的数字准备程度越高,针对该国的IMA交易就越多,尤其是技术密集型行业的IMA交易。我们使用2010-2016年期间美国上市公司的5347个ima样本发现了与我们的模型一致的证据。总体而言,本研究有助于更好地理解经济数字化影响企业全球战略的机制。本研究的结果为政策制定者提供了关于数字准备对经济影响的证据,本研究首次考察了数字准备在吸引外国投资机构方面的作用。
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来源期刊
Journal of Global Information Technology Management
Journal of Global Information Technology Management INFORMATION SCIENCE & LIBRARY SCIENCE-
CiteScore
4.10
自引率
10.00%
发文量
19
期刊介绍: The Journal of Global Information Technology Management (JGITM) is a refereed international journal that is supported by Global IT scholars from all over the world. JGITM publishes articles related to all aspects of the application of information technology for international business. The journal also considers a variety of methodological approaches and encourages manuscript submissions from authors all over the world, both from academia and industry. In addition, the journal will also include reviews of MIS books that have bearing on global aspects. Practitioner input will be specifically solicited from time-to-time in the form of invited columns or interviews. Besides quality work, at a minimum each submitted article should have the following three components: an MIS (Management Information Systems) topic, an international orientation (e.g., cross cultural studies or strong international implications), and evidence (e.g., survey data, case studies, secondary data, etc.). Articles in the Journal of Global Information Technology Management include, but are not limited to: -Cross-cultural IS studies -Frameworks/models for global information systems (GIS) -Development, evaluation and management of GIS -Information Resource Management -Electronic Commerce -Privacy & Security -Societal impacts of IT in developing countries -IT and Economic Development -IT Diffusion in developing countries -IT in Health Care -IT human resource issues -DSS/EIS/ES in international settings -Organizational and management structures for GIS -Transborder data flow issues -Supply Chain Management -Distributed global databases and networks -Cultural and societal impacts -Comparative studies of nations -Applications and case studies
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