What drives firms’ intent to seek strategic assets by foreign direct investment? A study of emerging economy firms

Lin Cui; Klaus E. Meyer; Helen Wei Hu

doi:10.1016/j.jwb.2013.12.003

What drives firms’ intent to seek strategic assets by foreign direct investment? A study of emerging economy firms

Lin Cui (First Author), Klaus E. Meyer (Participant Author), Helen Wei Hu (Participant Author)

Research output: Contribution to journal › Journal

Abstract

What drives firms, particularly those from emerging economies, to engage in competitive catch-up with world leaders? We study the first step leading to catch-up, namely the managerial intent to acquire strategic assets that help closing the gap. Theoretically grounded in the awareness-motivation-capability (AMC) framework of competitive dynamics, we identify key factors contributing to firms' strategic intent to catch-up by acquiring strategic assets abroad. Using a sample of 154 Chinese firms, we find that firms' strategic assets seeking intent of foreign direct investment is influenced by their exposure to foreign competition, their governance structure, and relevant financial and managerial capabilities.

Original language	English
Pages (from-to)	488-501
Journal	Journal of World Business
Volume	49
Issue number	4
DOIs	https://doi.org/10.1016/j.jwb.2013.12.003
Publication status	Published - 2014

Corresponding author email

lin.cui@anu.edu.au

Keywords

Competitive catch-up
Competitive dynamics
Foreign direct investment
MNEs from emerging economies
Strategic asset seeking

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ABDC-A
Scopus

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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AB - What drives firms, particularly those from emerging economies, to engage in competitive catch-up with world leaders? We study the first step leading to catch-up, namely the managerial intent to acquire strategic assets that help closing the gap. Theoretically grounded in the awareness-motivation-capability (AMC) framework of competitive dynamics, we identify key factors contributing to firms' strategic intent to catch-up by acquiring strategic assets abroad. Using a sample of 154 Chinese firms, we find that firms' strategic assets seeking intent of foreign direct investment is influenced by their exposure to foreign competition, their governance structure, and relevant financial and managerial capabilities.

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What drives firms’ intent to seek strategic assets by foreign direct investment? A study of emerging economy firms

Abstract

Corresponding author email

Keywords

Indexed by

UN SDGs

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