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Acquisitions as entrepreneurship: asymmetries, opportunities, and the internationalization of multinationals from emerging economies

Published on Feb 1, 2012in Global Strategy Journal2.73
· DOI :10.2139/ssrn.1578907
Anoop Madhok25
Estimated H-index: 25
(York University),
Mohammad Keyhani5
Estimated H-index: 5
(York University)
Abstract
We investigate the rapid internationalization of many multinationals from emerging economies through acquisition in advanced economies. We conceptualize these acquisitions as an act and form of entrepreneurship, aimed to overcome the ‘liability of emergingness’ incurred by these firms and to serve as a mechanism for competitive catch-up through opportunity seeking and capability transformation. Our explanation emphasizes unique asymmetries (and not necessarily advantages) of emerging multinationals due to their historical and institutional differences with advanced economy multinationals, as well as a search for advantage creation when firms possess mainly ordinary resources. The argument shifts the central focus from advantage to asymmetries as the starting point for internationalization.
  • References (72)
  • Citations (196)
References72
Newest
#1Peter Cappelli (UPenn: University of Pennsylvania)H-Index: 37
#2Harbir Singh (UPenn: University of Pennsylvania)H-Index: 42
Last.Michael Useem (UPenn: University of Pennsylvania)H-Index: 22
view all 4 authors...
#1Sathyajit Gubbi (IIM-C: Indian Institute of Management Calcutta)H-Index: 4
#2Preet S. Aulakh (York University)H-Index: 24
Last.Raveendra Chittoor (Indian School of Business)H-Index: 11
view all 5 authors...
Cited By196
Newest
#1Rui Torres de Oliveira (QUT: Queensland University of Technology)H-Index: 2
Last.Sandra Figueira (UQ: University of Queensland)H-Index: 1
view all 4 authors...
#1Fei Li (Beijing University of Posts and Telecommunications)
#2Yan Chen (Beijing University of Posts and Telecommunications)
Last.Yipeng Liu (University of Reading)
view all 3 authors...
#1Vikas Kumar (USYD: University of Sydney)H-Index: 29
#2Deeksha Singh (RU: Rutgers University)H-Index: 9
Last.Ajai S. Gaur (RU: Rutgers University)H-Index: 29
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