Post-springboard growth of EMNEs: an asset orchestration perspective

• 成果类型: Article; Early Access
• 署名作者: Kashyap, Rishiraj; Schotter, Andreas; Satyavageeswaran, Prakash; Awate, Snehal
• 署名单位: University of Groningen; Western University (University of Western Ontario); Indian Institute of Management (IIM System); Indian Institute of Management Udaipur (IIMU); Indian Institute of Technology (IIT) - Bombay; Indian Institute of Technology System (IIT System); Indian Institute of Technology (IIT) - Bombay
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/s41267-026-00875-6
• 发表日期: 2026
• 关键词: acquisitions; integration; KNOWLEDGE; subsidiaries; capabilities; enterprises; strategies

摘要

Emerging-market multinational enterprises (EMNEs) are known for their asset-seeking strategies in foreign markets, often referred to as springboard strategies. While acquired assets strengthen EMNEs' competitive position at home, it is not yet clear whether they lead to international growth when orchestrated across the enterprise. To address this gap, we apply an asset orchestration lens to EMNEs' post-springboard international growth. Building on the EMNE-specific literature on light-touch integration, we study the role of headquarters-subsidiary linkages in enabling what we label as 'autonomy-preserving asset orchestration'. We theorize that although such orchestration may improve international growth, its effectiveness reduces as the complexity of EMNEs' asset portfolio increases. We attribute this reduction to the difficulty of multilateral coordination between subsidiaries through autonomy-preserving, light-touch mechanisms and without hierarchical structures. Using a novel dataset of foreign subsidiaries of Indian pharmaceutical multinationals, we find support for our arguments. Our study extends the springboard perspective by illuminating the post-springboard outcomes and contingencies associated with EMNEs' autonomy-preserving asset orchestration.