Resource security: Competition for global resources, strategic intent, and governments as owners

• 成果类型: Article
• 署名作者: Bass, A. Erin; Chakrabarty, Subrata
• 署名单位: University of Nebraska System; University of Nebraska Lincoln
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/jibs.2014.28
• 发表日期: 2014
• 页码: 961-979
• 关键词: CORPORATE ENTREPRENEURSHIP; international entrepreneurship; resource dependency; resource-based view; securing natural resources; State-owned enterprises

摘要

We develop a resource security theory by examining the intent of acquisitions of scarce resources by multinational firms. Results suggest that owners of firms can shape the intent of resource acquisitions. Specifically, state-owned enterprises (SOEs) tend to acquire and pay more for resources for exploration rather than exploitation. This is because SOEs' owners governments are most concerned with securing their country's future. We contribute to the literature by suggesting that ownership influences resource acquisitions, that resource security is of importance to multinational enterprises, and that SOEs invest abroad to safeguard both their own and their home countries' future.