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https://doi.org/10.21256/zhaw-29692| Publication type: | Article in scientific journal |
| Type of review: | Peer review (publication) |
| Title: | M&As by Chinese multinational enterprises in developed economies : strategic asset seeking and bundling |
| Authors: | Wu, Juan Morschett, Dirk |
| et. al: | No |
| DOI: | 10.1504/EJIM.2023.133938 10.21256/zhaw-29692 |
| Published in: | European Journal of International Management |
| Volume(Issue): | 21 |
| Issue: | 3 |
| Page(s): | 460 |
| Pages to: | 488 |
| Issue Date: | 6-Oct-2023 |
| Publisher / Ed. Institution: | Inderscience |
| ISSN: | 1751-6757 1751-6765 |
| Language: | English |
| Subjects: | Asset bundling; Cross-border M&A; Chinese multinational enterprise; Strategic asset seeking; Emerging market enterprise; EMNE |
| Subject (DDC): | 658.1: Organization and finance |
| Abstract: | The extant literature argues that cross-border M&As (CBMAs) by Chinese multinational enterprises (CMNEs) in developed economies are motivated by strategic asset seeking (SAS). However, a more detailed look at the specific strategic assets is often missing. This study investigates which specific strategic assets CMNEs search for, based on the strategic assets that they already possess, and how assets from the acquiring and the acquired companies are bundled after acquisition. By analysing 12 CBMAs, through the perspectives of both the acquired and the acquiring firms, we demonstrate that the interplay between existing country-specific and firm-specific assets enables CMNEs to bundle their existing assets with complementary Western assets. We also provide empirical evidence that technology transfer between CMNEs and Western targets occurs in both directions, and that Chinese acquirers and their target firms both employ joint innovation to upgrade technologies and enhance product offerings. |
| URI: | https://digitalcollection.zhaw.ch/handle/11475/29692 |
| Fulltext version: | Published version |
| License (according to publishing contract): | CC BY 4.0: Attribution 4.0 International |
| Departement: | School of Management and Law |
| Appears in collections: | Publikationen School of Management and Law |
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| File | Description | Size | Format | |
|---|---|---|---|---|
| 2023_Wu-Morschett_M&As-by-chinese-multinational-enterprises-in-developed-economies.pdf | 543.83 kB | Adobe PDF |  View/Open |
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Wu, J., & Morschett, D. (2023). M&As by Chinese multinational enterprises in developed economies : strategic asset seeking and bundling. European Journal of International Management, 21(3), 460–488. https://doi.org/10.1504/EJIM.2023.133938
Wu, J. and Morschett, D. (2023) ‘M&As by Chinese multinational enterprises in developed economies : strategic asset seeking and bundling’, European Journal of International Management, 21(3), pp. 460–488. Available at: https://doi.org/10.1504/EJIM.2023.133938.
J. Wu and D. Morschett, “M&As by Chinese multinational enterprises in developed economies : strategic asset seeking and bundling,” European Journal of International Management, vol. 21, no. 3, pp. 460–488, Oct. 2023, doi: 10.1504/EJIM.2023.133938.
WU, Juan und Dirk MORSCHETT, 2023. M&As by Chinese multinational enterprises in developed economies : strategic asset seeking and bundling. European Journal of International Management. 6 Oktober 2023. Bd. 21, Nr. 3, S. 460–488. DOI 10.1504/EJIM.2023.133938
Wu, Juan, and Dirk Morschett. 2023. “M&As by Chinese Multinational Enterprises in Developed Economies : Strategic Asset Seeking and Bundling.” European Journal of International Management 21 (3): 460–88. https://doi.org/10.1504/EJIM.2023.133938.
Wu, Juan, and Dirk Morschett. “M&As by Chinese Multinational Enterprises in Developed Economies : Strategic Asset Seeking and Bundling.” European Journal of International Management, vol. 21, no. 3, Oct. 2023, pp. 460–88, https://doi.org/10.1504/EJIM.2023.133938.
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