The role of experiential and non-experiential knowledge in cross-border acquisitions: The case of Indian multinational enterprises

Buckley, Peter J.; Munjal, Surender; Enderwick, Peter; Forsans, Nicolas

doi:10.1016/j.jwb.2016.07.006

Cited by 75 publications

(64 citation statements)

References 106 publications

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“…The first debate concerns the nature of organizational capability building by firms chasing international catch-up (Awate, et al, 2012;Kumaraswamy et al, 2012;Madhok & Keyhani, 2012). Such a process of capability upgrading can follow a gradual pattern along the internationalization process model (Johansen & Vahlne, 2009), aspects of which have been observed in studies of EE MNEs (Buckley, et al, 2016;Kotabe & Kothari, 2016;Meyer & Thaijongrak, 2013). Our theoretical framework suggest an interdependence between the home country eco-system and a focal firm.…”

Section: Discussionmentioning

confidence: 82%

“…These capabilities are embedded in people and organizations and, since they are to a high degree based on experiential knowledge (e.g. Buckley, Munjal, Enderwick & Forsans, 2016). Especially a lack of experience with processes and practice of international management raises barriers to entry in 'foreign' locations (Clarke, et al, 2012).…”

Section: Emerging Economies As Mne Home Countriesmentioning

confidence: 99%

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Emerging Economy MNEs: How does home country munificence matter?

Estrin¹,

Meyer²,

Pelletier³

2020

Multinational Enterprises and Emerging Economies

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Multinational Enterprises (MNEs) from emerging economies (EEs) are establishing operations in advanced economies (AEs), apparently departing from traditional models of internationalization. We explore an under-explored difference between EE MNE and their AE counterparts concerning their country of origin: EEs have less munificent business environments. This leads EE MNEs to make different location choices than AE MNEs when entering AEs, specifically because they are more deterred by barriers to entry. We therefore predict EE MNEs to be relatively more deterred by distance and weak intellectual property protection and relatively more attracted by diaspora of migrants and by markets. Our empirical results are consistent with these predictions.

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Section: Discussionmentioning

confidence: 82%

Section: Emerging Economies As Mne Home Countriesmentioning

confidence: 99%

Emerging Economy MNEs: How does home country munificence matter?

Estrin¹,

Meyer²,

Pelletier³

2020

Multinational Enterprises and Emerging Economies

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“…Further, Indian MNEs have shown a preference for more committed entry modes (mainly majority‐owned acquisitions) and developed countries in terms of location choices (Nair and Demirbag, ; Pradhan, ; Sethi, ). The learning from such acquisitions has also been discussed extensively in the literature (Buckley, Forsans and Munjal, ; Buckley et al ., ; Chittoor and Ray, ; Elango and Pattnaik, ). Indian MNEs have thus left an impressive footprint when it comes to their overseas acquisitions in the last decade and most of them are in developed markets, indicating their focus on knowledge seeking pursuits.…”

Section: Methodsmentioning

confidence: 99%

Do Parent Units Benefit from Reverse Knowledge Transfer?

Nair

Demirbağ

Mellahi

et al. 2017

British J of Management

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“…Differences between local institutional frameworks make embeddedness challenging for the MNE. It raises transaction costs for monitoring and coordinating operations in foreign markets, and learning costs for understanding and adapting to the way of doing business in distinct institutional frameworks (Boeh and Beamish, 2012;Buckley et al, 2016c). Thus, knowledge and understanding of the local institutions and adaptation is a key to the MNE's success (Ghemawat, 2007).…”

Section: Local Context Embeddedness and Internationalizationmentioning

confidence: 99%

The Role of Local Context in the Cross‐border Acquisitions by Emerging Economy Multinational Enterprises

Buckley

Munjal

2017

British J of Management

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This paper explores the role of local context in cross‐border acquisitions by emerging economy multinational enterprises (EMNEs). It argues that the importance of local context has remained despite the increased global integration of the world economy. Hypotheses are tested using data on Indian acquisitions hosted in 70 countries over an eight‐year period. Results, which are consistent across number and value of cross‐border acquisitions, show that the local context in host countries offers contrasting benefits. Emerging economy multinational enterprises exploited these benefits by embedding in host countries through acquisitions. The acquisition strategy is conventional in the motives underpinning internationalization, but novel in its geographical clustering of host countries, and idiosyncratic owing to the EMNE's ability to draw on home country embeddedness. The paper develops theoretical implications and extends the concept of embeddedness, treating it as a series of internalization or quasi‐internalization decisions across a variety of local contexts by multinationals.

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The role of experiential and non-experiential knowledge in cross-border acquisitions: The case of Indian multinational enterprises

Cited by 75 publications

References 106 publications

Emerging Economy MNEs: How does home country munificence matter?

Emerging Economy MNEs: How does home country munificence matter?

Do Parent Units Benefit from Reverse Knowledge Transfer?

The Role of Local Context in the Cross‐border Acquisitions by Emerging Economy Multinational Enterprises

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