Investment motives, ownership advantages and institutional distance: An examination of Russian cross-border acquisitions

Dikova, Desislava; Panibratov, Andrei; Veselova, Anna

doi:10.1016/j.ibusrev.2018.12.007

Cited by 88 publications

(63 citation statements)

References 94 publications

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“…Donaldson (2001) Moreover, Russian firms are likely to suffer from liabilities of country-of-origin as well. In their recent study Dikova, Panibratov, and Veselova (2019) note that in host countries displaying politically hostile attitudes towards Russia, acquisition deals initiated by Russian firms are viewed as a threat (and often opposed) because of perceived intervention by the Russian State in Russian firms' business. These liabilities are likely to manifest as obstacles to successful internationalization.…”

Section: A Contingency Model Of Internationalization-performance Relamentioning

confidence: 99%

Performance Effects of Internationalization: Contingency Theory Analysis of Russian Internationalized Firms

Dikova

Veselova

2020

Manag. Organ. Rev.

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The relationship between internationalization and performance has attracted researchers’ attention for more than 40 years, producing contradictory results. Research on emerging-market (EM) multinationals’ performance has not added much clarity to the issue. Although contingency theory is widely applied in management research to explain superior organizational performance as a direct result of a ‘fit’ between structure, strategy, and environment, there has been little effort in extending the notion of strategy-structure-environment fit to include internationalization. We address this limitation by offering a comprehensive analysis of Russian internationalized firms’ performance, which reflects the complexity of strategic and structural changes that Russian firms make during internationalization. We use survey data on 213 predominantly private and mature firms to examine whether the alignment of a multitude of strategic and structural choices in a specific context matters for subsequent performance. We apply a fuzzy-set Qualitative Comparative Analysis (fsQCA) and find several distinct types of ‘fit’ that positively affect Russian internationalized firms’ performance.

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Section: A Contingency Model Of Internationalization-performance Relamentioning

confidence: 99%

Performance Effects of Internationalization: Contingency Theory Analysis of Russian Internationalized Firms

Dikova

Veselova

2020

Manag. Organ. Rev.

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“…However, foreign firms normally bring with them technological and marketing assets that they are able to transfer across borders, and that help them to overcome their LoF. These assets, known as ownership advantages (Dikova, Panibratov, and Veselova, 2019;Dunning, 1977), provide a foundation for MNEs to compete in host countries. They arise from MNE subsidiaries' access to international networks and help them to develop their resources through interaction with both MNE parents and the local context of the host country (Andersson, Forsgren, and Holm, 2001;Birkinshaw, 1996).…”

Section: Liabilities Of Foreignness and Of Localnessmentioning

confidence: 99%

How do local and foreign firms compete? Competitive actions in an emerging economy

Yang

Meyer

2020

International Business Review

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“…The analysis shows that traditional investment motives provide a limited explanation of what attracts or deters Russian acquirers abroad. The authors include the institutional distance parameter in the model and prove that it plays a decisive role in building cross-border business interactions [2].…”

Section: Methodsmentioning

confidence: 99%

Process of forming a regional recreation system in the conditions of a border region

Vasilieva

Belaya

2020

E3S Web Conf.

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Significant heterogeneity of the level of development of the Russian border, including in the field of recreation, imposes requirements for differentiation in the regional policy. Definition of the types of territories helps to solve applied management tasks more effectively. In this context, the factors by which these types were formed are important. To solve this problem, the authors conducted a factor analysis through the principal component method using oblique factor rotation. Three blocks of variables were analyzed that characterize the subjects of the Russian Federation that have land borders on the mainland (including river and lake borders) and sea borders with neighboring countries located on the map clockwise from Norway to the United States (border regions of Russia) for the period from 2010 to 2018. As a result, five factors were identified: the factor of the demand for the services of the recreational system, the factor of the development of the infrastructure of the recreational system in climatic conditions, the environmental safety factor, the factor of investment in the development of the recreational system infrastructure, the factor of the location at the border. The results of the study can be used as a practical tool for developing recommendations in the field of regional policy aimed at development of a recreational system, taking into account the factors determined for each identified group. The results of the study were obtained in the framework of the state task of the IE KarRC RAS on the topic “Institutions and social inequality in the face of global challenges and regional restrictions”.

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Investment motives, ownership advantages and institutional distance: An examination of Russian cross-border acquisitions

Cited by 88 publications

References 94 publications

Performance Effects of Internationalization: Contingency Theory Analysis of Russian Internationalized Firms

Performance Effects of Internationalization: Contingency Theory Analysis of Russian Internationalized Firms

How do local and foreign firms compete? Competitive actions in an emerging economy

Process of forming a regional recreation system in the conditions of a border region

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