TY - JOUR
T1 - The role of experiential and non-experiential knowledge in cross-border acquisitions
T2 - The case of Indian multinational enterprises
AU - Buckley, Peter J.
AU - Munjal, Surender
AU - Enderwick, Peter
AU - Forsans, Nicolas
PY - 2016/9/1
Y1 - 2016/9/1
N2 - This paper investigates the antecedents of the internationalization of emerging economy multinational enterprises (EMNEs) through cross-border acquisitions. Using a panel data set of 1138 cross-border acquisitions made by 515 Indian multinational enterprises (MNEs) during 2000–2013, it examines interactions of in-house resources with experiential and non-experiential knowledge to explore how EMNEs manage and exploit their knowledge base when internationalizing. The results show that Indian multinational enterprises have ‘interface competence’. They combine in-house resources with experiential market and externally sourced technological knowledge for undertaking cross-border acquisitions. The Uppsala model provides insights in analyzing the role of market knowledge and the Global Factory model helps in analyzing the role of technology in cross-border acquisitions by EMNEs.
AB - This paper investigates the antecedents of the internationalization of emerging economy multinational enterprises (EMNEs) through cross-border acquisitions. Using a panel data set of 1138 cross-border acquisitions made by 515 Indian multinational enterprises (MNEs) during 2000–2013, it examines interactions of in-house resources with experiential and non-experiential knowledge to explore how EMNEs manage and exploit their knowledge base when internationalizing. The results show that Indian multinational enterprises have ‘interface competence’. They combine in-house resources with experiential market and externally sourced technological knowledge for undertaking cross-border acquisitions. The Uppsala model provides insights in analyzing the role of market knowledge and the Global Factory model helps in analyzing the role of technology in cross-border acquisitions by EMNEs.
KW - Cross-border acquisitions
KW - Emerging market multinational enterprises
KW - Experiential and non-experiential knowledge
KW - Internationalization
KW - Learning
KW - Resources
UR - http://www.scopus.com/inward/record.url?scp=84990048041&partnerID=8YFLogxK
UR - https://www.sciencedirect.com/science/article/abs/pii/S109095161630061X?via%3Dihub
U2 - 10.1016/j.jwb.2016.07.006
DO - 10.1016/j.jwb.2016.07.006
M3 - Article
AN - SCOPUS:84990048041
SN - 1090-9516
VL - 51
SP - 675
EP - 685
JO - Journal of World Business
JF - Journal of World Business
IS - 5
ER -