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Entry mode and emerging market MNEs : an analysis of Chinese greenfield and acquisition FDI in the United States.

Anderson, J. and Sutherland, D. (2015) 'Entry mode and emerging market MNEs : an analysis of Chinese greenfield and acquisition FDI in the United States.', Research in international business and finance., 25 . pp. 88-103.

Abstract

A growing theoretical literature on emerging market MNEs argues they use aggressive acquisitions, often to psychically distant, developed host countries, to obtain the strategic assets. The use of acquisitions as the dominant entry mode for strategic asset seeking, therefore, stands at heart of current EM MNE theorizing. To date, however, systematic empirical testing of the motivations for different entry modes by EM MNEs is limited. We address this gap by exploring the motivations for Chinese greenfield and acquisitions in the United States. Our results are broadly supportive of the growing theoretical literature on EM MNEs, arguing acquisitions are the primary mode of strategic asset seeking in developed markets. We also find state ownership impacts strategic assets seeking and strategic asset seeking intensified in the post global financial crisis period.

Item Type:Article
Keywords:China, Outward FDI, Location choice, Entry mode, Financial crisis, Acquisition, Greenfield.
Full text:(AM) Accepted Manuscript
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Status:Peer-reviewed
Publisher Web site:http://dx.doi.org/10.1016/j.ribaf.2015.03.008
Publisher statement:NOTICE: this is the author’s version of a work that was accepted for publication in Research in International Business and Finance. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Research in International Business and Finance, 35, September 2015, 10.1016/j.ribaf.2015.03.008.
Record Created:10 Feb 2015 15:05
Last Modified:09 Oct 2016 00:40

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