000107382 001__ 107382
000107382 005__ 20230519145346.0
000107382 0247_ $$2doi$$a10.1108/CCSM-09-2019-0173
000107382 0248_ $$2sideral$$a120269
000107382 037__ $$aART-2021-120269
000107382 041__ $$aeng
000107382 100__ $$0(orcid)0000-0002-0712-2364$$aDomínguez, Beatriz$$uUniversidad de Zaragoza
000107382 245__ $$aBirds of a feather flock together: ownership in cross-border acquisitions by emerging multinationals
000107382 260__ $$c2021
000107382 5060_ $$aAccess copy available to the general public$$fUnrestricted
000107382 5203_ $$aPurpose: Despite prior studies on cross-border acquisitions (CBAs) have analyzed the determinants of ownership strategies; there is still a quest for evidence on how the differences between home and host market characteristics affect the ownership percentage. Prior studies have acknowledged that entering host countries with greater uncertainty makes multinationals reluctant to acquire high levels of ownership. Nevertheless, emerging multinationals (EMNEs) are usually used to operating under greater levels of uncertainty than multinationals from advanced countries (AMNEs), which can imply different ownership strategies. The purpose of this study is to analyze the ownership percentage acquired by MNEs when designing a CBA in emerging or in advanced countries, and to analyze the extent to which the ownership strategy in emerging countries differs between EMNEs and AMNEs.
Design/methodology/approach: Mobile telecommunications industry is used as research setting to provide empirical evidence of the interaction effect of the advanced versus emerging nature of the host and home countries on the ownership acquired in CBAs.
Findings: Results confirm that both home and host countries' characteristics are relevant in explaining the ownership strategies of MNEs.
Originality/value: The authors contribute to the strategy and IB literatures by providing empirical evidence on the recent debate on whether the internationalization strategies followed by EMNEs are similar to the traditional patterns of AMNEs, and analyze how EMNEs differ from AMNEs in their ownership strategies in emerging countries. Focusing in the mobile telecommunications industry, the authors also contribute by extending the analysis to an international and cross-cultural setting that includes 48 mobile groups that come from 35 home and 81 host countries.
000107382 536__ $$9info:eu-repo/grantAgreement/ES/DGA-FSE/S54-17R-GENERES Group$$9info:eu-repo/grantAgreement/ES/MINECO-FEDER/ECO2017-85451-R$$9info:eu-repo/grantAgreement/ES/UZ/JIUZ-2017-SOC-08
000107382 540__ $$9info:eu-repo/semantics/openAccess$$aAll rights reserved$$uhttp://www.europeana.eu/rights/rr-f/
000107382 590__ $$a3.167$$b2021
000107382 591__ $$aMANAGEMENT$$b161 / 228 = 0.706$$c2021$$dQ3$$eT3
000107382 592__ $$a0.667$$b2021
000107382 593__ $$aCultural Studies$$c2021$$dQ1
000107382 593__ $$aStrategy and Management$$c2021$$dQ1
000107382 593__ $$aSociology and Political Science$$c2021$$dQ1
000107382 593__ $$aOrganizational Behavior and Human Resource Management$$c2021$$dQ1
000107382 594__ $$a4.0$$b2021
000107382 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion
000107382 700__ $$0(orcid)0000-0002-9002-6727$$aFuentelsaz, Lucio$$uUniversidad de Zaragoza
000107382 700__ $$0(orcid)0000-0002-5071-0858$$aGarrido, Elisabet$$uUniversidad de Zaragoza
000107382 700__ $$0(orcid)0000-0002-2143-2764$$aGonzález, Minerva$$uUniversidad de Zaragoza
000107382 7102_ $$14012$$2650$$aUniversidad de Zaragoza$$bDpto. Direcc.Organiza.Empresas$$cÁrea Organización de Empresas
000107382 773__ $$g28, 1 (2021), 177-201$$tCross Cultural & Strategic Management$$x2059-5794
000107382 8564_ $$s375161$$uhttps://zaguan.unizar.es/record/107382/files/texto_completo.pdf$$yPostprint
000107382 8564_ $$s710326$$uhttps://zaguan.unizar.es/record/107382/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint
000107382 909CO $$ooai:zaguan.unizar.es:107382$$particulos$$pdriver
000107382 951__ $$a2023-05-18-13:21:00
000107382 980__ $$aARTICLE