Sena, V., Marra, M., Demirbag, M. et al. (1 more author) (2022) The impact of institutions on collaborative innovations and the role of equity-based entry modes. British Journal of Management, 33 (3). pp. 1395-1411. ISSN 1045-3172
Abstract
This paper examines the impact of institutional variables on multinational enterprises’ choice between majority and minority acquisitions in their foreign affiliates and how this choice influences their propensity to collaborate with local firms. Using the institutional theory and the transaction costs theory, we develop a number of hypotheses. In particular, we suggest that majority acquisitions will be more likely than minority acquisitions and greenfields to enter collaborative R&D projects in countries that belong to the Civil Law/Eastern European legal tradition, or countries where the protection of minority shareholders is poor. These hypotheses are tested using an unbalanced panel of subsidiaries controlled by British multinationals, located in 39 countries. The results confirm our theoretical predictions.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2021 British Academy of Management and Wiley Periodicals LLC. This is an author-produced version of a paper subsequently published in British Journal of Management. Uploaded in accordance with the publisher's self-archiving policy. |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Management School (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 16 Apr 2021 13:22 |
Last Modified: | 26 Jun 2024 07:49 |
Status: | Published |
Publisher: | Wiley |
Refereed: | Yes |
Identification Number: | 10.1111/1467-8551.12511 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:173088 |