Absolute and relative resources as determinants of international acquisitions
dc.contributor.author | Anand, Jaideep | en_US |
dc.contributor.author | Delios, Andrew | en_US |
dc.date.accessioned | 2006-04-19T13:42:22Z | |
dc.date.available | 2006-04-19T13:42:22Z | |
dc.date.issued | 2002-02 | en_US |
dc.identifier.citation | Anand, Jaideep; Delios, Andrew (2002)."Absolute and relative resources as determinants of international acquisitions." Strategic Management Journal 23(2): 119-134. <http://hdl.handle.net/2027.42/34613> | en_US |
dc.identifier.issn | 0143-2095 | en_US |
dc.identifier.issn | 1097-0266 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/34613 | |
dc.description.abstract | Although it is established that firms sometimes expand abroad to augment their capabilities, previous studies have generally focused on technological determinants of foreign expansion. We analyze capability-seeking aspects of foreign direct investment by examining the relationship between upstream (technological) and downstream (marketing) capabilities and the choice between acquisition and greenfield modes of international entry. In analyzing 2175 entries by British, German, and Japanese investors into the United States, we find that for downstream capabilities, which tend not to be geographically fungible, the absolute level of capabilities in the entered industry explains the mode choice. However, for upstream capabilities, which tend to be geographically fungible, the acquisition motive stems from a relative capability differential between host and home country firms. These results have implications for the concept of fungibility in the resource-based view of the firm as well as for the literature on sourcing of resident assets by foreign firms, which has thus far ignored issues of entry mode and downstream assets. Copyright © 2002 John Wiley & Sons, Ltd. | en_US |
dc.format.extent | 148423 bytes | |
dc.format.extent | 3118 bytes | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/plain | |
dc.language.iso | en_US | |
dc.publisher | John Wiley & Sons, Ltd. | en_US |
dc.subject.other | Business, Finance & Management | en_US |
dc.title | Absolute and relative resources as determinants of international acquisitions | en_US |
dc.type | Article | en_US |
dc.rights.robots | IndexNoFollow | en_US |
dc.subject.hlbsecondlevel | Business (General) | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbsecondlevel | Management | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.subject.hlbtoplevel | Social Sciences | en_US |
dc.description.peerreviewed | Peer Reviewed | en_US |
dc.contributor.affiliationum | Corporate Strategy and International Business, University of Michigan Business School, Ann Arbor, Michigan, U.S.A. ; Corporate Strategy and International Business, University of Michigan Business School, 701 Tappan Street, Ann Arbor, MI 48109-1234, U.S.A. | en_US |
dc.contributor.affiliationother | Department of Business Policy, National University of Singapore, Singapore | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/34613/1/215_ftp.pdf | en_US |
dc.identifier.doi | http://dx.doi.org/10.1002/smj.215 | en_US |
dc.identifier.source | Strategic Management Journal | en_US |
dc.owningcollname | Interdisciplinary and Peer-Reviewed |
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