Acquisition Behavior of Emerging Versus Developed Market Multinationals
The purpose of this paper is to investigate how emerging and developed market multinationals (EMMs and DMMs) differ in their acquisition behavior (vis-à-vis the choice of partial versus full acquisitions) when entering a developed market economy, Japan. We hypothesize that EMMs prefer partial acquis...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Vilnius University Press
2019-05-01
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| Series: | Organizations and Markets in Emerging Economies |
| Subjects: | |
| Online Access: | https://www.journals.vu.lt/omee/article/view/14128 |
| _version_ | 1828435339893538816 |
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| author | Kashif Ahmed Ralf Bebenroth |
| author_facet | Kashif Ahmed Ralf Bebenroth |
| author_sort | Kashif Ahmed |
| collection | DOAJ |
| description | The purpose of this paper is to investigate how emerging and developed market multinationals (EMMs and DMMs) differ in their acquisition behavior (vis-à-vis the choice of partial versus full acquisitions) when entering a developed market economy, Japan. We hypothesize that EMMs prefer partial acquisitions, whereas DMMs prefer full acquisitions due to what we call the country-of-origin effect. Additionally, we hypothesize that this country-of-origin effect is more pronounced for smaller firms. The results, based upon 224 strategic cross-border acquisitions in Japan, support these two hypotheses. This study contributes to the literature on EMMs. |
| first_indexed | 2024-12-10T19:06:20Z |
| format | Article |
| id | doaj.art-13cf70b67811473d9ddf7eb81360a36e |
| institution | Directory Open Access Journal |
| issn | 2029-4581 2345-0037 |
| language | English |
| last_indexed | 2024-12-10T19:06:20Z |
| publishDate | 2019-05-01 |
| publisher | Vilnius University Press |
| record_format | Article |
| series | Organizations and Markets in Emerging Economies |
| spelling | doaj.art-13cf70b67811473d9ddf7eb81360a36e2022-12-22T01:36:53ZengVilnius University PressOrganizations and Markets in Emerging Economies2029-45812345-00372019-05-0110110.15388/omee.2019.10.00001Acquisition Behavior of Emerging Versus Developed Market MultinationalsKashif Ahmed0Ralf Bebenroth1Kobe UniversityKobe UniversityThe purpose of this paper is to investigate how emerging and developed market multinationals (EMMs and DMMs) differ in their acquisition behavior (vis-à-vis the choice of partial versus full acquisitions) when entering a developed market economy, Japan. We hypothesize that EMMs prefer partial acquisitions, whereas DMMs prefer full acquisitions due to what we call the country-of-origin effect. Additionally, we hypothesize that this country-of-origin effect is more pronounced for smaller firms. The results, based upon 224 strategic cross-border acquisitions in Japan, support these two hypotheses. This study contributes to the literature on EMMs.https://www.journals.vu.lt/omee/article/view/14128Emerging markets multinationals (EMMs)developed market multinationals (DMMs)partial acquisitionsfull acquisitionsJapan |
| spellingShingle | Kashif Ahmed Ralf Bebenroth Acquisition Behavior of Emerging Versus Developed Market Multinationals Organizations and Markets in Emerging Economies Emerging markets multinationals (EMMs) developed market multinationals (DMMs) partial acquisitions full acquisitions Japan |
| title | Acquisition Behavior of Emerging Versus Developed Market Multinationals |
| title_full | Acquisition Behavior of Emerging Versus Developed Market Multinationals |
| title_fullStr | Acquisition Behavior of Emerging Versus Developed Market Multinationals |
| title_full_unstemmed | Acquisition Behavior of Emerging Versus Developed Market Multinationals |
| title_short | Acquisition Behavior of Emerging Versus Developed Market Multinationals |
| title_sort | acquisition behavior of emerging versus developed market multinationals |
| topic | Emerging markets multinationals (EMMs) developed market multinationals (DMMs) partial acquisitions full acquisitions Japan |
| url | https://www.journals.vu.lt/omee/article/view/14128 |
| work_keys_str_mv | AT kashifahmed acquisitionbehaviorofemergingversusdevelopedmarketmultinationals AT ralfbebenroth acquisitionbehaviorofemergingversusdevelopedmarketmultinationals |