Transactional hazards, institutional change, and capabilities: Integrating the theories of the firm

Brahm, Francisco; Tarziján, Jorge

doi:10.1002/smj.2094

Cited by 50 publications

(47 citation statements)

References 123 publications

(191 reference statements)

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“…Due to the nonlinearity nature of our regressions, caution is needed when we interpret the interactive effects (Ai & Norton, ; Brahm & Tarziján, ; Greene, ; Hoetker, ; Ramos & Shaver, ; Shaver, ; Wiersema & Bowen, ). We adopted the method developed by Wiersema and Bowen () to address the nonlinearity issue and plot the interaction effect between M&A experience and mutual trade dependence in Figure .…”

Section: Resultsmentioning

confidence: 99%

“…Due to the nonlinearity nature of our regressions, caution is needed when we interpret the interactive effects (Ai & Norton, 2003;Brahm & Tarziján, 2014;Greene, 2010;Hoetker, 2007;Ramos & Trade restriction 0.03*** 0.03*** 0.03*** 0.03*** 0.03*** 0.03*** 0.03*** (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) Investment restriction −0.01*** −0.01*** −0.01*** −0.01*** −0.01*** −0.01*** −0.01*** Shaver, 2013;Shaver, 2007;Wiersema & Bowen, 2009). We adopted the method developed by Wiersema and Bowen (2009) to address the nonlinearity issue and plot the interaction effect between M&A experience and mutual trade dependence in Figure 1.…”

Section: Resultsmentioning

confidence: 99%

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Network information and cross‐border M&A activities

Xia

Tong

et al. 2017

Global Strategy Journal

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Research Summary How information about social networks affects firms’ global expansion is an important but rarely investigated question. We argue that different sources of network information will affect a firm's investment activities in the global market, but their relative importance may vary. Moreover, the influence of network information can be bounded by the global trade network. The results from a sample of cross‐border merger and acquisition (M&A) activities conducted by U.S. publicly listed firms reveal that although M&A experience of both interlocking and joint venture partners affects the focal firm's global expansion, the effect of interlocking partners is more influential than joint venture partners. Meanwhile, when mutual trade dependence between countries is high, the positive effect of network information from board interlocks diminishes. Managerial Summary Firms are hesitant to engage in cross‐border M&As, because it is difficult for them to get information about local business practices and environmental idiosyncrasies. This study shows that firms can deal with this challenge by accessing relevant information from the M&A experience of interlocking partners and joint venture partners. The information generated from the M&A experience of interlocking partners is even more valuable and important than that of joint venture partners in shaping firms’ cross‐border M&A decisions. Moreover, the M&A experience of interlocking partners and joint venture partners is particularly valuable for firms contemplating M&A activities in a country with relatively fewer buyer‐seller exchange networks with their home country.

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Section: Resultsmentioning

confidence: 99%

Section: Resultsmentioning

confidence: 99%

Network information and cross‐border M&A activities

Xia

Tong

et al. 2017

Global Strategy Journal

View full text Add to dashboard Cite

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“…Brahm & Tarziján, 2014;White & Lui, 2005;Winch, 1989), the present study utilizes data from this industry for testing the hypotheses. The study invited the entire population of 55 large general construction companies in Germany with more than 1000 employees to participate in the survey.…”

Section: Sample and Methodsmentioning

confidence: 99%

What drives the allocation of specific investments between buyer and supplier?

Ebers

Semrau

2015

Journal of Business Research

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“…Differences in institutions across countries, however, can alter the cost of engaging in economic exchanges (Brahm and Tarziján 2014). MNCs encounter unfamiliar institutional environments in host countries where political, economic and sociocultural rules differ from those of the home country.…”

Section: Literature Search/reviewmentioning

confidence: 99%

An integrative institutional approach to MNC performance in China

Ando

Ding

2014

Asia Pacific Business Review

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This study adopts an integrative approach that incorporates the resource-based view and institutional theory in its analyses of the performances of multinational corporations in China. Firm-specific resources have been assumed as a unique source of competitive advantages when firms go overseas. However, differences in institutional environments between the host country and the home country can negatively affect the competitiveness generated by resource exploitation. Empirical analysis using the data consisting of 209 Japanese firms operating in China finds that while the exploitation of firm-specific resources improves their performance, institutions in China moderate the positive impact on performance.

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Transactional hazards, institutional change, and capabilities: Integrating the theories of the firm

Cited by 50 publications

References 123 publications

Network information and cross‐border M&A activities

Network information and cross‐border M&A activities

What drives the allocation of specific investments between buyer and supplier?

An integrative institutional approach to MNC performance in China

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