Absolute and Relative Resources as Determinants of International Acqiusitions  

Oleh:

Anand, Jaideep ; Delios, Andrew

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 23 no. 2 (2002), page 119-134.
Topik: resources; acquisitions; entry mode; capabiltiies; technology; distribution

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.8 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Although it is established that firms sometimes expand abroad to augment their capabilities, previous studies have generally focused on technological determinants of foreign expansion. We analyze capability - seeking aspects of foreign direct investment by examining the relationship between upstream (technological) and downstream (marketing) capabilities and the choice between acquisition and greenfield modes of international entry. In analyzing 2175 entries by british, german and japanese investors into the united states, we find that for downstream capabilities, which tend not to be geographically fungible, the absolute level of capabilities int he entered industry explains the mode choice. However for upstream capabilities, which tend to be geographically fungible, the acqisition motive stems from a relative capability diffrential between host and home country firms. These results have implications for te concept of fungibility in the resource - based view of the firm as well as for the literature on sourcing of resident assets by foreign firms, which has thus for ignored issues of entry mode and downstream assets.

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