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Cross-border acquisitions by Indian multinationals: Asset exploitation or asset augmentation?

Buckley, Peter J and Munjal, Surender and Enderwick, Peter and Forsans, Nicolas (2016) 'Cross-border acquisitions by Indian multinationals: Asset exploitation or asset augmentation?' International Business Review, 25 (4). 986 - 996. ISSN 0969-5931

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Abstract

This paper examines cross-border acquisitions by Indian multinationals and places them in the context of Emerging Country Multinationals. It tests hypotheses based on internalisation theory and the resource based view to ask if these firms are asset exploiting or asset augmenting in their takeover behaviour. Internal financial and technological resources are found to be important explanatory variables, as is asset seeking; of brands, technology and market access. The home environment in India allows firms to amass profits, to manage in a culturally diverse setting and to develop asset bundling skills. All these factors are significant in determining cross-border acquisitions.

Item Type: Article
Subjects: H Social Sciences > HD Industries. Land use. Labor
Divisions: Faculty of Social Sciences > Essex Business School
Depositing User: Elements
Date Deposited: 02 Oct 2018 08:31
Last Modified: 02 Oct 2018 08:31
URI: http://repository.essex.ac.uk/id/eprint/23179

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