TY - JOUR
T1 - Do foreign resources assist or impede internationalisation? Evidence from internationalisation of Indian multinational enterprises
AU - Buckley, Peter J.
AU - Munjal, Surender
AU - Enderwick, Peter
AU - Forsans, Nicolas
PY - 2016/2
Y1 - 2016/2
N2 - Cross-border acquisitions (CBAs) by emerging country multinational enterprises (EMNEs) have attracted considerable scholarly attention in recent years. However, researchers have not yet thoroughly investigated the effects of combining external resources accessed from abroad with resources owned and possessed by the EMNE when undertaking acquisitions. Against the general supposition in the Resource Based View (RBV) that all resources facilitate acquisitions, the paper shows that external foreign resources can impede, as well as assist, cross-border acquisitions. Their effect depends on the nature of interactions between external and internally owned resources within the EMNE. This study offers managerial implications for EMNEs planning to use external resources to accelerate their internationalisation.
AB - Cross-border acquisitions (CBAs) by emerging country multinational enterprises (EMNEs) have attracted considerable scholarly attention in recent years. However, researchers have not yet thoroughly investigated the effects of combining external resources accessed from abroad with resources owned and possessed by the EMNE when undertaking acquisitions. Against the general supposition in the Resource Based View (RBV) that all resources facilitate acquisitions, the paper shows that external foreign resources can impede, as well as assist, cross-border acquisitions. Their effect depends on the nature of interactions between external and internally owned resources within the EMNE. This study offers managerial implications for EMNEs planning to use external resources to accelerate their internationalisation.
KW - Acquisitions
KW - Emerging country multinational enterprise
KW - India
KW - Internationalisation
UR - http://www.scopus.com/inward/record.url?scp=84936805953&partnerID=8YFLogxK
UR - https://www.sciencedirect.com/science/article/abs/pii/S0969593115000645?via%3Dihub
U2 - 10.1016/j.ibusrev.2015.04.004
DO - 10.1016/j.ibusrev.2015.04.004
M3 - Article
AN - SCOPUS:84936805953
SN - 0969-5931
VL - 25
SP - 130
EP - 140
JO - International Business Review
JF - International Business Review
IS - 1
ER -