Entry mode and emerging market MNES : an analysis of Chinese Greenfield and acquisition FDI in the United States
Anderson, J.; Sutherland, D.
A growing theoretical literature on emerging market MNEs argues they use aggressive acquisitions, often to psychically distant, developed host countries, to obtain the strategic assets. The use of acquisitions as the dominant entry mode for strategic asset seeking, therefore, stands at heart of current EM MNE theorizing. To date, however, systematic empirical testing of the motivations for different entry modes by EM MNEs is limited. We address this gap by exploring the motivations for Chinese greenfield and acquisitions in the United States. Our results are broadly supportive of the growing theoretical literature on EM MNEs, arguing acquisitions are the primary mode of strategic asset seeking in developed markets. We also find state ownership impacts strategic assets seeking and strategic asset seeking intensified in the post global financial crisis period.
Anderson, J., & Sutherland, D. (2015). Entry mode and emerging market MNES : an analysis of Chinese Greenfield and acquisition FDI in the United States. Research in International Business and Finance, 25, 88-103. https://doi.org/10.1016/j.ribaf.2015.03.008
|Journal Article Type
|Mar 24, 2015
|Sep 1, 2015
|Feb 7, 2015
|Publicly Available Date
|Oct 3, 2016
|Research in International Business and Finance
|China, Outward FDI, Location choice, Entry mode, Financial crisis, Acquisition, Greenfield.
Accepted Journal Article
NOTICE: this is the author’s version of a work that was accepted for publication in Research in International Business and Finance. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Research in International Business and Finance, 35, September 2015, 10.1016/j.ribaf.2015.03.008.
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