Contemporary International Business in the Asia-Pacific Region&lt;/I&gt;

Journal of Management & Organization

2020

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We study the international innovation strategies of Australian and New Zealand (ANZ) firms in the European context, to explain their investment motives, knowledge flows and innovation performance. Our thematic analysis of seven case studies suggests that ANZ investors' motives for innovation in Europe are often both market- and knowledge-seeking and that some are also motivated by diversification and cooperation. While the strategic intent is often for the knowledge to flow in multiple directions among subsidiaries and headquarters (HQ), distance poses challenges to the efficiency of the process. European subsidiaries are often seen as potentially playing a key role in firms' global innovation systems, particularly with regards to radical innovation. However, because of distance and communication bottlenecks (e.g., time zone differences), HQ does not always recognise this potential. We develop a model proposing that HQ–subsidiary trust and strategic motives are moderators in the process of international knowledge connectivity and knowledge creation.

Section: Discussionmentioning

confidence: 99%

Knowledge flows, strategic motives and innovation performance: Insights from Australian and New Zealand investment in Europe

Ingršt

Journal of Management & Organization

2020

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“…Thus, we draw insights from the institution-based international business research and analyze firms' M&A motivation through explaining its relationship with home country institutions. We analyze the motives of acquirer firms from Asia Pacific countries most active in M&As in over 700 cross-border deals in European countries in 2007-2017, a period of an outward cross-border M&A wave (Xie et al 2017;Xu 2017) from the Asia-Pacific region (Verbeke et al 2019). In an analysis of the motives of both emerging and advanced MNEs (AMNEs), we aim to test whether any significant differences between the motives exist.…”

Section: Introductionmentioning

confidence: 99%

Cross-Border M&A Motives and Home Country Institutions: Role of Regulatory Quality and Dynamics in the Asia-Pacific Region

Yan

Sbai

et al. 2021

JRFM

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The purpose of this paper is to analyze the relationship between home country institutions and cross-border merger and acquisition (M&A) motives of MNEs from the Asia-Pacific region, with a focus on the role of regulatory quality and dynamics. We empirically examine how M&A motives are affected by elements related to risk of the institutional environment of the acquiring firm’s home country regulatory quality over time. The study is grounded in the general theory of springboard MNEs, and the institutional views of cross-border operations, namely the institutional escapism and institutional fostering perspectives. Using data on over 700 cross-border M&As of European firms by Asia-Pacific MNEs in 2007–2017, we analyze the rationales for these deals and their relationship to the institutional characteristics of the buyers’ home countries including regulatory quality and voice and accountability. We found that the quality of home country regulatory environment is significantly related to domestic firms’ motivation for international M&As. However, the significance and sign of the effects differ for different types of motives and over time. Our findings contribute to the literature on general versus emerging MNE-specific internationalization theories (particularly the theory of springboard MNEs) by expounding on the types and dynamics of cross-border M&A motives.

“…He has published in the areas of international business, management and economics in journals including the Journal of Management and Organization, Journal for East European Management Studies, Global Economy Journal and Eastern European Economics. Peter is the co-author (with Verbeke et al, 2019) of Contemporary International Business in the Asia-Pacific Region (Cambridge University Press, 2019). Peter Zá mborský can be contacted at: p.zamborsky@auckland.ac.nz For instructions on how to order reprints of this article, please visit our website: www.emeraldgrouppublishing.com/licensing/reprints.htm Or contact us for further details: permissions@emeraldinsight.com…”

mentioning

confidence: 99%

A blueprint for succeeding despite uncertain global markets

2020

JBS

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Purpose This paper aims to highlight the importance of developing capabilities to thrive amid global uncertainty. The study builds a framework to help managers assess uncertainty in the global business environment and develop capabilities to prosper amid uncertainty. In doing so, the paper explains three capabilities – sensing the context, driving the market and redesigning the business – providing examples to capture each capability and managerial implications. Design/methodology/approach The framework of this study is based on academic research in dynamic capabilities and the author’s scholarly study on global strategy. The paper develops managerial guidelines and illustrates those with practical examples of multinational enterprises to make the case for why managers need to develop the three core capabilities for thriving amid uncertainty to achieve competitive advantage. Findings This study identifies three core capabilities that organizations should build if they are to thrive amid global uncertainty, namely, sensing the context, driving the market and redesigning the business. The key practical guidelines to manage this process are provided, including a managerial tool with 10 steps to developing capabilities to thrive amid global uncertainty. Practical implications The framework allows for developing dynamic capabilities in a world of new uncertainties such as digital disruption and de-globalization. It offers key guidelines for the journey, thus enabling managers to steer their firms toward thriving in an uncertain global environment. Originality/value The augmented uncertainty of the global business environment presents new challenges. The value of this paper lies in the simplicity and practicality of the framework and its focus on the role of an uncertain global environment in developing dynamic capabilities.