A Longitudinal Study of MNE Innovation Enhancement at Home via Cross-Border Acquisitions

This paper examines the impact of cross-border acquisitions on the subsequent innovation of acquiring firms in their home countries using emerging market multinationals (EMNEs) as an example. Drawing on the complementary insights of capability catchup and cross-border acquisitions, we submit that EMNEs have a greater chance to improve their innovation at home through cross-border acquisitions, yet this improvement hinges on their orchestration...