Research Repository

The impact of institutions on collaborative innovations and the role of equity-based entry modes

Sena, Vania and Marra, Marrianna and Demirbag, Mehmet and Lubrano Lavadera, Giuseppe (2021) 'The impact of institutions on collaborative innovations and the role of equity-based entry modes.' British Journal of Management. ISSN 1045-3172

[img] Text
BJMfinal_revision_jan 2021.pdf - Accepted Version
Restricted to Repository staff only until 25 May 2023.

Download (521kB) | Request a copy

Abstract

This paper examines the impact of institutional variables on MNEs’ choice between majority and minority acquisitions in their foreign affiliates and how this choice influences their propensity to collaborate with local firms. Using the Institutional theory and the Transaction Cost theory, we develop a number of hypotheses. In particular we suggest that majority acquisitions will be more likely than minority acquisitions and greenfields to enter collaborative R&D projects in countries that belong to the Civil Law/Eastern European legal tradition or countries where the protection of minority shareholders is poor. These hypotheses are tested using an unbalanced panel of subsidiaries controlled by British multinationals, located in 39 countries. The results confirm our theoretical predictions.

Item Type: Article
Divisions: Faculty of Social Sciences > Essex Business School
Depositing User: Elements
Date Deposited: 07 Apr 2021 12:17
Last Modified: 02 Jul 2021 15:15
URI: http://repository.essex.ac.uk/id/eprint/30134

Actions (login required)

View Item View Item