A theoretical and empirical investigation into investment activities of technologically-intensive Chinese state-owned enterprises in the UK

Vukicevic, Jelena; Fallon, Grahame; Ott, Ursula F.

doi:10.1016/j.ibusrev.2020.101763

Cited by 10 publications

(19 citation statements)

References 83 publications

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“…These strategies involve targeting firms where the levels of those resources are contingent on locally bound innovativeness systems (Vukicevic et al, 2021).…”

Section: Host-country Factorsmentioning

confidence: 99%

“…Defined as the combination of two contradictory strategies, namely exploration and exploitation, the OA construct has already been applied to the internationalization of emerging market multinational enterprises (EMNEs) (Luo & Rui, 2009). Recent studies shed some light upon this issue (Birkinshaw & Gupta, 2013; Chebbi, Yahiaoui, Vrontis, & Thrassou, 2017; Pereira, Mellahi, Temouri, Patnaik, & Roohanifar, 2019; Rao‐Nicholson, Khan, Akhtar, & Tarba, 2020; Vukicevic, Fallon, & Ott, 2021). Some aspects of the ambidextrous strategies of Chinese firms such as micro‐foundations and cultural and philosophical underpinnings (Confucianism and Legalism) have been examined (Xing, Liu, Tarba, & Wood, 2020; Zhang et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

“…Moreover, some of them implemented ambidextrous foreign acquisition strategies. In addition to exploiting their home knowledge base, they also explored new sources of competitive advantage in unfamiliar industrial sectors (Choi et al, 2020; Vukicevic et al, 2021). The Chinese government provides MNEs with incentives to pursue ambidextrous foreign acquisition strategies motivating them to include these contradictory objectives (technological catch‐up and conquest of foreign markets) in their internationalization strategies (He, Eden, & Hitt, 2016; Vukicevic et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

“…conquest of foreign markets) in their internationalization strategies (He, Eden, & Hitt, 2016;Vukicevic et al, 2021).…”

mentioning

confidence: 99%

“…This increase has been even more pronounced in the wake of the 2008 global financial crisis (Kratz, Huotari, Hanemann, & Arcesati, 2020, p. 9). This might be interpreted as an asset-exploration strategy (via strategic asset seeking) deployed by Chinese firms in addition to their asset-exploitation acquisitions (Vukicevic et al, 2021). Even though stylized facts indicate the existence of strong state-firm interaction in China, the theoretical mechanisms that explain ambidextrous acquisition strategies of Chinese MNEs remain insufficiently clarified in the literature (Zhang et al, 2020).…”

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confidence: 99%

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Contextualizing international ambidextrous strategies of Chinese multinational enterprises

Avioutskii

Tensaout

2022

Thunderbird Intl Bus Rev

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This article helps explain the theoretical mechanisms of the contextual influence of ambidextrous foreign acquisition strategies of Chinese multinational enterprises (MNEs) in Europe. Based on the National Business System approach, we demonstrate that these strategies are contextually driven and institutionally conditioned. We use fuzzy‐set qualitative comparative analysis to identify the configurations of factors affecting the strategies of 829 mergers and acquisitions (M&As) in 29 countries in 1992–2019. We propose a new measure for the organizational ambidexterity construct based on the nature and type of M&As. Our results show that conglomerate affiliation, state ownership, and international business experience affect the deployment of ambidextrous acquisition strategies, while outward foreign direct investment (FDI) policies have a positive effect only for individual firms or when host country innovation environment is well developed. Finally, smaller individual MNE early internationalizers are more likely to deploy acquisition ambidexterity when the government adopts outward FDI policies.

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“…These strategies involve targeting firms where the levels of those resources are contingent on locally bound innovativeness systems (Vukicevic et al, 2021).…”

Section: Host-country Factorsmentioning

confidence: 99%