Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10488102 | International Business Review | 2016 | 11 Pages |
Abstract
This paper examines cross-border acquisitions by Indian multinationals and places them in the context of Emerging Country Multinationals. It tests hypotheses based on internalisation theory and the resource based view to ask if these firms are asset exploiting or asset augmenting in their takeover behaviour. Internal financial and technological resources are found to be important explanatory variables, as is asset seeking; of brands, technology and market access. The home environment in India allows firms to amass profits, to manage in a culturally diverse setting and to develop asset bundling skills. All these factors are significant in determining cross-border acquisitions.
Keywords
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Social Sciences and Humanities
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Business and International Management
Authors
Peter J. Buckley, Surender Munjal, Peter Enderwick, Nicolas Forsans,