The Experts below are selected from a list of 156 Experts worldwide ranked by ideXlab platform
Teis Hansen - One of the best experts on this subject based on the ideXlab platform.
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Upgrading to lead firm position via International Acquisition: Learning from the global biomass power plant industry
Journal of Economic Geography, 2016Co-Authors: Ulrich Elmer Hansen, Niels Fold, Teis HansenAbstract:This article examines the case of a Chinese firm that has upgraded to\nlead firm position in the global biomass power plant industry mainly\nthrough Acquisitions of technological frontier firms in Denmark.\nSustaining the lead firm position was, however, challenged by\ndifficulties in developing innovative capability. Drawing on the\nliterature on (i) firmlevel technological capability and (ii) knowledge\ntransfer in International Acquisitions, we explain the reasons for\ninsufficient innovative capability building. Based on these empirical\nfindings, we suggest maintaining the existing upgrading framework but\napplying it analytically in a more flexible manner that avoids\nlinearity, hierarchy and segmentation while stressing the co-existence\nof and inter-relationships between the different types of upgrading.
Gongming Qian - One of the best experts on this subject based on the ideXlab platform.
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High-tech firms’ International Acquisition performance: The influence of host country property rights protection
International Business Review, 2015Co-Authors: Hong Zhu, Gongming QianAbstract:Abstract Prior research suggests that high-tech firms tend to encounter market transaction uncertainties in countries with weak property rights protection (PRP) and that transaction costs will increase significantly with such uncertainties. Basing our study on high-tech firms that have recently been increasingly acquiring targets in these countries, we explain this puzzling phenomenon. In particular, we investigate whether and how high-tech firms can gain value from acquiring targets in host countries with different degrees of PRP. In addition to transaction costs, we take into account market demands for advanced technologies in weak PRP host countries and fierce market competition in strong ones. Overall, we suggest that high-tech firms are likely to increase their performance by acquiring targets in weak PRP host countries where profit-generating opportunities tend to be more frequent than in strong PRP ones. Our theory receives strong empirical support from multilevel analyses of a sample of U.S. information technology (IT) firms’ International Acquisitions between 1995 and 2004. We also found that firms differ in their capabilities in gaining value in various levels of PRP host countries. When acquirer size increases, acquirers become less able to gain value through Acquisitions in host countries with weak PRP; yet when acquirer host country Acquisition experience increases, they are more able to gain value through Acquisitions in host countries with weak PRP.
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U.S. Information Technology Firms' International Acquisition Performance
Academy of Management Proceedings, 2014Co-Authors: Hong Zhu, Gongming Qian, Sai LanAbstract:One salient issue that U.S. IT firms face in their global expansion is various degrees of property rights protection in host countries. U.S. IT firms often prefer acquiring targets in countries wit...
Hong Zhu - One of the best experts on this subject based on the ideXlab platform.
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High-tech firms’ International Acquisition performance: The influence of host country property rights protection
International Business Review, 2015Co-Authors: Hong Zhu, Gongming QianAbstract:Abstract Prior research suggests that high-tech firms tend to encounter market transaction uncertainties in countries with weak property rights protection (PRP) and that transaction costs will increase significantly with such uncertainties. Basing our study on high-tech firms that have recently been increasingly acquiring targets in these countries, we explain this puzzling phenomenon. In particular, we investigate whether and how high-tech firms can gain value from acquiring targets in host countries with different degrees of PRP. In addition to transaction costs, we take into account market demands for advanced technologies in weak PRP host countries and fierce market competition in strong ones. Overall, we suggest that high-tech firms are likely to increase their performance by acquiring targets in weak PRP host countries where profit-generating opportunities tend to be more frequent than in strong PRP ones. Our theory receives strong empirical support from multilevel analyses of a sample of U.S. information technology (IT) firms’ International Acquisitions between 1995 and 2004. We also found that firms differ in their capabilities in gaining value in various levels of PRP host countries. When acquirer size increases, acquirers become less able to gain value through Acquisitions in host countries with weak PRP; yet when acquirer host country Acquisition experience increases, they are more able to gain value through Acquisitions in host countries with weak PRP.
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U.S. Information Technology Firms' International Acquisition Performance
Academy of Management Proceedings, 2014Co-Authors: Hong Zhu, Gongming Qian, Sai LanAbstract:One salient issue that U.S. IT firms face in their global expansion is various degrees of property rights protection in host countries. U.S. IT firms often prefer acquiring targets in countries wit...
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A Contingency Perspective on Home Country Collectivism in International Acquisition Performance
Academy of Management Proceedings, 2013Co-Authors: Hong ZhuAbstract:It is a particularly difficult for acquiring firms to integrate with unfamiliar foreign targets to attain new value, although International Acquisitions are increasingly popular and important. We propose that the home country collectivism of acquiring firms is enabled in the context of International Acquisitions to exert a strong influence on the perception of acquired targets as interdependent collective units, which may facilitate post-Acquisition integration and value creation. Furthermore, we examine three major contextual factors iV macro-institutional environments (home country free market capitalism), micro-Acquisition environments (Acquisition waves) and acquirer tactics (mode of financing) iV that may strengthen or suppress the value of collective behavior to International Acquisition performance. We tested our hypotheses using a sample of International Acquisitions of US firms in the information technology industry between 1995 and 2003. The results provide strong support for our theory.
Ian M. Taplin - One of the best experts on this subject based on the ideXlab platform.
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Managerial Risk‐taking in International Acquisitions in the Brewery Industry: Institutional and Ownership Influences Compared
British Journal of Management, 2012Co-Authors: Mike Geppert, Christoph Dörrenbächer, Jens Gammelgaard, Ian M. TaplinAbstract:This paper deals with the role that institutional differences play in managerial risktaking when firms engage in International Acquisitions. It is assumed that multinational corporations (MNCs) have different interests and capabilities when dealing with International Acquisition, which in the authors’ view are significantly shaped by specific home country institutional influences. This study concerns the question of how different forms of ownership – concentrated (e.g. family and bank based) and dispersed (stock market based) – influence risk-taking and managerial decision-making in large International Acquisitions. Comparing a total of 12 large Acquisitions of four leading MNCs in the global brewery industry, the paper shows that mutually reinforcing influences of country of origin (coordinated vs liberal market economies) and ownership (family ownership vs stock market ownership) lead to different risk profiles and managerial risk-taking with regard to International Acquisitions.
Ivo Zander - One of the best experts on this subject based on the ideXlab platform.
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Whereto the multinational? The evolution of technological capabilities in the multinational network
International Business Review, 1999Co-Authors: Ivo ZanderAbstract:This paper empirically investigates how Internationalization influences the generation of new technology within the multinational corporation. Data on the introduction of 756 technologies by 23 Swedish multinationals over the 1971-1990 period show that foreign units account for an increasing share of all new technologies that are introduced in the multinational network. Additionally, foreign units are associated with a significantly higher probability of entry into new and more distantly related fields of technology, creating a long-term drift into new technological capabilities. The data support the proposition that foreign Acquisitions are particularly likely to introduce new and more distantly related technology to the multinational group, although this aspect of technological renewal predominantly applies to firms carrying out explicit International Acquisition strategies. The findings are consistent with an evolutionary view of the multinational corporation, involving a gradual movement into new fields of technology through maturing International operations and more significant departures from established technology portfolios through events like foreign Acquisitions. It is argued that International growth allows the multinational to leverage its accumulated experience in the exploitation of geographically dispersed and idiosyncratic technological capabilities. At the same time, the observations point to a fundamental, growing and perhaps underestimated tension between technological opportunity and coordination and control in the maturing multinational corporation.