“…So far, no previous research (at least to our knowledge) concentrating on China has analyzed the key determinants of acquisition entry strategy based on these three theoretical bases: TCE, RCV, and institutional theory. It is further important to note that certain variables like R&D intensity, international experience, target country experience, economic growth, degree of product diversification, cultural distance, transition, and institutional advancement in the target country have been used as key indicators in studies that used TCE, RBV, and institutional theory as their theoretical bases for entry mode-related choices analysis (see, e.g., Arslan & Larimo, 2010Claver & Quer, 2005;Demirbag et al, 2008Demirbag et al, , 2009Demirbag et al, , 2011Dikova, 2012;Dikova & van Witteloostuijn, 2007;Hill, Hwang, & Kim, 1990;Larimo & Arslan, 2013). Therefore, we have incorporated these determinants found significant in past IB studies in our analysis by addressing them together in the context of acquisition entry strategy of the Nordic MNEs in China.…”