A comparative ownership advantage framework for cross-border M&As: The rise of Chinese and Indian MNEs
MetadataShow full item record
MNEs from emerging economies (EE MNEs) have recently undertaken aggressive cross-border mergers and acquisitions (M&As). This phenomenon challenges the current understanding in the international business literature. Integrating the comparative advantage theory with Dunning's OLI paradigm, this article develops a comparative ownership advantage framework characterized by five attributes: (1) national-industrial factor endowments, (2) dynamic learning, (3) value creation, (4) reconfiguration of value chain, and (5) institutional facilitation and constraints. We test five propositions with a dataset of 1526 cross-border M&As by Chinese and Indian MNEs from 2000 to 2008. Preliminary results support the new comparative ownership advantage framework.
Showing items related by title, author, creator and subject.
Bartram, T.; Boyle, B.; Stanton, P.; Burgess, John; McDonnell, A. (2015)There is a critical need for fresh research into multinational enterprises (MNEs) because they ‘disproportionately influence the direction of change’ in themanagement of people (Batt et al., 2009: 474). There are around ...
Luo, Yadong; Zhang, H. (2016)The growth of emerging market multinational enterprises (EM MNEs) has enriched existing international business theories but conveyed also new puzzles and questions for these theories and perspectives. To synthesize what ...
Luo, Yadong; Tung, R. (2017)© 2017 Academy of International Business The springboard view has become one theoretic lens to analyze emerging market multinationals (EMNEs) in the past decade. A decade after its first introduction in 2007, new developments ...