Abstract
Based on empirical evidence of four Chinese firms’ outward mergers and acquisitions (M&As) to European countries, this paper examines previously neglected key success factors in post-acquisition reverse capability transfer. We identified three such factors: home-country advantage, motivation-oriented complementary resources, and acquirers’ attractiveness, and argue that post-acquisition capability transfer is affected by not only the process factors that occur during the post-acquisition phase but also by pre-acquisition status factors. In this way, the paper enriches the process perspective of M&A, thereby contributing to the international M&A literature and to studies of multinational corporations (MNCs) from emerging economies.
Original language | English |
---|---|
Article number | 101053 |
Pages (from-to) | 1-13 |
Number of pages | 13 |
Journal | Journal of World Business |
Volume | 55 |
Issue number | 3 |
Early online date | 4 Dec 2019 |
DOIs | |
Publication status | Published - Apr 2020 |
Keywords
- Mergers and acquisitions;
- post-acquisition integration
- Emerging economies
- Reverse capability transfer
- Emerging-market multinational corporations
- China