Sena, Vania and Marra, Marrianna and Demirbag, Mehmet and Lubrano Lavadera, Giuseppe (2022) The impact of institutions on collaborative innovations and the role of equity-based entry modes. British Journal of Management, 33 (3). pp. 1395-1411. DOI https://doi.org/10.1111/1467-8551.12511
Sena, Vania and Marra, Marrianna and Demirbag, Mehmet and Lubrano Lavadera, Giuseppe (2022) The impact of institutions on collaborative innovations and the role of equity-based entry modes. British Journal of Management, 33 (3). pp. 1395-1411. DOI https://doi.org/10.1111/1467-8551.12511
Sena, Vania and Marra, Marrianna and Demirbag, Mehmet and Lubrano Lavadera, Giuseppe (2022) The impact of institutions on collaborative innovations and the role of equity-based entry modes. British Journal of Management, 33 (3). pp. 1395-1411. DOI https://doi.org/10.1111/1467-8551.12511
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 |
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Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Essex Business School |
SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
Depositing User: | Unnamed user with email elements@essex.ac.uk |
Date Deposited: | 07 Apr 2021 12:17 |
Last Modified: | 30 Oct 2024 17:17 |
URI: | http://repository.essex.ac.uk/id/eprint/30134 |
Available files
Filename: BJMfinal_revision_jan 2021.pdf