Buckley, PJ orcid.org/0000-0002-0450-5589, Munjal, S orcid.org/0000-0002-8713-687X, Enderwick, P et al. (1 more author) (2017) The Role of Country Alliances in Reducing the Transaction Costs of Internationalisation: Evidence from Indian Multinational Enterprises. Cambridge Journal of Economics, 41 (3). pp. 807-828. ISSN 0309-166X
Abstract
This paper analyses the role of home-host country alliances in reducing transaction costs in the internationalisation process. We test hypotheses about the role of country-level alliances and firm internationalisation with comprehensive longitudinal multi-industry data on 623 acquisitions made by Indian multinational enterprises (MNEs) between 2000 and 2007 on a panel of 65 host countries. The results show that country alliances reduce the transaction costs arising from the distance
between home-host countries, thereby positively influencing the internationalisation of Indian MNEs. However, the extent of that influence depends upon the nature of the alliance. Our findings have significant implications for public policy and theory.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © The Author(s) 2017. This is an author produced version of a paper published in Cambridge Journal of Economics. Uploaded in accordance with the publisher's self-archiving policy. |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > International Business Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 01 Mar 2017 15:59 |
Last Modified: | 20 May 2019 00:40 |
Status: | Published |
Publisher: | Oxford University Press |
Identification Number: | 10.1093/cje/bew062 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:112949 |