دانلود رایگان مقاله نقش دانش تجربی در مالکیت مرزی مورد شرکت چند ملیتی

ABSTRACT

This paper investigates the antecedents of the internationalization of emerging economy multinational enterprises (EMNEs) through cross-border acquisitions. Using a panel data set of 1138 cross-border acquisitions made by 515 Indian multinational enterprises (MNEs) during 2000–2013, it examines interactions of in-house resources with experiential and non-experiential knowledge to explore how EMNEs manage and exploit their knowledge base when internationalizing. The results show that Indian multinational enterprises have ‘interface competence’. They combine in-house resources with experiential market and externally sourced technological knowledge for undertaking cross-border acquisitions. The Uppsala model provides insights in analyzing the role of market knowledge and the Global Factory model helps in analyzing the role of technology in cross-border acquisitions by EMNEs.

5. Conclusions

Prompted by the continuing internationalization of the EMNE, this paper explored the impact of experiential market and nonexperiential technological knowledge on cross-border acquisitions undertaken by Indian MNEs. Using the example of Indian MNEs, it illustrates that EMNEs manage their knowledge base prudently and exploit this using their financial and technological resources to facilitate internationalization. The paper argued that knowledge management is critical in the process of undertaking cross border acquisition. It shows that knowledge acts as a facilitator mitigating the inherent risks associated with acquisitions. Experiential market knowledge helps in gathering market intelligence and identifying opportunities for making foreign acquisitions, and externally sourced technological knowledge builds technological competitiveness. The EMNE exploits its knowledge base by utilizing its financial resources to both identify and acquire target firms. Internationalization is also promoted by combining externally sourced technological know-how with internal absorptive capacity which enhances the innovative potential of the EMNE. The paper contributes to the current academic understanding of howknowledgeismanaged andexploited in the internationalization process. It reflects on the Uppsala model and highlights the importance of non-experiential knowledge and resources in the internationalization process. It emphasizes the importance of inter- firm networks from which the firm can gather knowledge more efficiently than developing it in-house. It stresses that an effective combination of sourced technologicalknow-how,whichEMNEsmay lackinternally,withitsowninternal resources supports cross-border acquisitions by the EMNE. It goes beyond the Uppsala approach in that it highlights the EMNEs ability in interface competence (Bonaglia et al., 2007), reflecting an evolving characteristic found in more established MNEs, some of which are able to manage vastly complex Global Factory systems (Buckley, 2011a, 2011b).