Exploring the Impact of Innovation Activities on Financial Performance in Developed and Emerging Markets
M&As have been regarded significantly as an alternative entry mode in facilitating firms’ internalization strategy. Limited studies uncover the integrative role of M&As on the firms’ financial performance from various market perspectives. This study explores the relationship between M&As...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2022-12-01
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| Series: | Systems |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2079-8954/11/1/16 |
| _version_ | 1797436776499904512 |
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| author | Hee Soo Lee Nina Shin Jinho Choi |
| author_facet | Hee Soo Lee Nina Shin Jinho Choi |
| author_sort | Hee Soo Lee |
| collection | DOAJ |
| description | M&As have been regarded significantly as an alternative entry mode in facilitating firms’ internalization strategy. Limited studies uncover the integrative role of M&As on the firms’ financial performance from various market perspectives. This study explores the relationship between M&As and their financial outcomes from developed and emerging markets. It provides evidence that internalization through M&As has a significant impact on the aggregate market value in both developed and emerging markets, and emerging markets can learn from the varying impact of innovation activities on financial performance in developed markets. This study provides location and time selection strategies for multinational firms seeking cross-border M&As. |
| first_indexed | 2024-03-09T11:07:29Z |
| format | Article |
| id | doaj.art-c82b8061a92d431b86335009f5d382d1 |
| institution | Directory Open Access Journal |
| issn | 2079-8954 |
| language | English |
| last_indexed | 2024-03-09T11:07:29Z |
| publishDate | 2022-12-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Systems |
| spelling | doaj.art-c82b8061a92d431b86335009f5d382d12023-12-01T00:54:25ZengMDPI AGSystems2079-89542022-12-011111610.3390/systems11010016Exploring the Impact of Innovation Activities on Financial Performance in Developed and Emerging MarketsHee Soo Lee0Nina Shin1Jinho Choi2School of Business and Economics, Sejong University, Seoul 05006, Republic of KoreaSchool of Business and Economics, Sejong University, Seoul 05006, Republic of KoreaSchool of Business and Economics, Sejong University, Seoul 05006, Republic of KoreaM&As have been regarded significantly as an alternative entry mode in facilitating firms’ internalization strategy. Limited studies uncover the integrative role of M&As on the firms’ financial performance from various market perspectives. This study explores the relationship between M&As and their financial outcomes from developed and emerging markets. It provides evidence that internalization through M&As has a significant impact on the aggregate market value in both developed and emerging markets, and emerging markets can learn from the varying impact of innovation activities on financial performance in developed markets. This study provides location and time selection strategies for multinational firms seeking cross-border M&As.https://www.mdpi.com/2079-8954/11/1/16mergers and acquisitions (M&As)innovationinternalizationaggregate market value |
| spellingShingle | Hee Soo Lee Nina Shin Jinho Choi Exploring the Impact of Innovation Activities on Financial Performance in Developed and Emerging Markets Systems mergers and acquisitions (M&As) innovation internalization aggregate market value |
| title | Exploring the Impact of Innovation Activities on Financial Performance in Developed and Emerging Markets |
| title_full | Exploring the Impact of Innovation Activities on Financial Performance in Developed and Emerging Markets |
| title_fullStr | Exploring the Impact of Innovation Activities on Financial Performance in Developed and Emerging Markets |
| title_full_unstemmed | Exploring the Impact of Innovation Activities on Financial Performance in Developed and Emerging Markets |
| title_short | Exploring the Impact of Innovation Activities on Financial Performance in Developed and Emerging Markets |
| title_sort | exploring the impact of innovation activities on financial performance in developed and emerging markets |
| topic | mergers and acquisitions (M&As) innovation internalization aggregate market value |
| url | https://www.mdpi.com/2079-8954/11/1/16 |
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