Buckley, PJ, Munjal, S, Enderwick, P et al. (1 more author) (2016) Cross-border Acquisitions by Indian Multinationals: Asset Exploitation or Asset Augmentation? International Business Review, 25 (4). pp. 986-996. ISSN 0969-5931
Abstract
This paper examines cross-border acquisitions by Indian multinationals and places them in the context of Emerging Country Multinationals. It tests hypotheses based on internalisation theory and the resource based view to ask if these firms are asset exploiting or asset augmenting in their takeover behaviour. Internal financial and technological resources are found to be important explanatory variables, as is asset seeking; of brands, technology and market access. The home environment in India allows firms to amass profits, to manage in a culturally diverse setting and to develop asset bundling skills. All these factors are significant in determining cross-border acquisitions.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2015, Elsevier. This is an author produced version of a paper published in International Business Review. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Firm Specific Assets, Asset Augmentation, Cross-Border Acquisitions, India, Multinationals from Emerging Countries, Asset Seeking Foreign Direct Investment |
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: | 23 Nov 2015 11:23 |
Last Modified: | 20 Jul 2017 07:03 |
Published Version: | http://dx.doi.org/10.1016/j.ibusrev.2015.10.006 |
Status: | Published |
Publisher: | Elsevier |
Identification Number: | 10.1016/j.ibusrev.2015.10.006 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:92133 |