-
作者：Blalock, Garrick; Simon, Daniel H.
作者单位：Cornell University
摘要：Using a panel data set on Indonesian manufacturers from 1988 to 1996, this paper examines how host-country firms' capabilities influence their propensity to benefit from downstream foreign direct investment (FDI). We estimate local suppliers' productivity response to multinational entry in downstream industries. We find that firms with stronger production capabilities benefit less than others. In contrast, firms with greater absorptive capacity benefit more. These results are largely robust to...
-
作者：Vaaler, Paul M.; Schrage, Burkhard N.
作者单位：University of Minnesota System; University of Minnesota Twin Cities; Singapore Management University
摘要：We question previous research assuming that privatizing firm performance generally benefits from decreasing state ownership and the passage of time, both of which purportedly align principal-agent incentives promoting organizational decision-making that increases shareholder value. When state ownership shifts from majority and controlling to minority and non-controlling, the performance impact may be positive in the short run, particularly where there is instability in the local investment pol...
-
作者：Bouquet, Cyril; Morrison, Allen; Birkinshaw, Julian
作者单位：International Institute for Management Development (IMD); INSEAD Business School; University of London; London Business School
摘要：This study examines the performance consequences of international attention, defined as the extent to which headquarters executives in the multinational enterprise (MNE) invest time and effort in activities, communications, and discussions aimed at improving their understanding of the global marketplace. Using detailed questionnaire and archival data on 135 MNEs, our analysis revealed three significant findings. First, international attention can be operationalized as a meta-construct that con...
-
作者：Chari, Murali D. R.; Chang, Kiyoung
作者单位：Indiana University System; Indiana University South Bend
摘要：The extent of ownership in foreign market entry is an important topic in the entry mode literature. Yet the determinants of the share of ownership sought in cross-border acquisitions (CBAs) have not received much research attention. Drawing on multiple theoretical explanations, we develop and test hypotheses on factors influencing the share of equity sought by foreign firms in CBAs. Findings based on a sample of CBAs by US firms show that the share of equity sought is influenced by many factor...
-
作者：Eden, Lorraine
-
作者：Cantwell, John
作者单位：Rutgers University System; Rutgers University New Brunswick; Rutgers University Newark
摘要：In the early development of the international business field, the focus of attention moved from the country level to the firm level, and interest in location issues declined. More recently, firm-based research has itself become increasingly concerned with the study of firm-location interactions. When examining two-way knowledge flows or spillovers between multinational enterprises (MNEs) and other actors in specific locations, the diversity or heterogeneity of firms matters, as does the divers...
-
作者：Aybar, Buelent; Ficici, Aysun
摘要：The primary objective of this study is to examine the value implications of cross-border acquisitions of emerging-market multinationals (EMMs). We examine 433 mergers and acquisitions announcements associated with 58 EMMs during the sample period 1991-2004. The mergers and acquisitions announcements data come from the Thomson SDC Platinum database. We employ event study methodology to explore the impact of the announcements on the value of acquiring firms. The results show that, on average, cr...
-
作者：Dunning, John H.
作者单位：Rutgers University System; Rutgers University New Brunswick; University of Reading
摘要：A retrospective by John H. Dunning on location and the MNE, written in the form of responses to questions posed by Rajneesh Narula in an interview recorded at the University of Reading which was shown at the JIBS Decade Award session at the AIB annual meetings in Milan, June 2008.
-
作者：Altomonte, Carlo; Pennings, Enrico
作者单位：Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; Tinbergen Institute; Bocconi University
摘要：We develop a simple test to assess whether horizontal spillover effects from multinational to domestic firms are endogenous to the market structure generated by the incremental entry of the same multinationals. In particular, we analyze the performance of a panel of 10,650 firms operating in Romania in the period 1995-2001. Controlling for the simultaneity bias in productivity estimates through semi-parametric techniques, we find that changes in domestic firms' total factor productivity are po...
-
作者：Chi, Tailan; Seth, Anju
作者单位：University of Kansas; Virginia Polytechnic Institute & State University
摘要：This paper examines the choice of mode for a multinational enterprise and a local firm to exploit their complementary capabilities. We develop a combined real options and game-theoretic model of modal choice by incorporating a range of factors drawn from the dynamic capabilities theory and transaction cost or organizational economics. The factors scrutinized in the model include the parties' absorptive capacities, frictions in knowledge and asset markets and associated incentive problems, cost...
