Uncovering neglected success factors in post-acquisition reverse capability transfer: Evidence from Chinese multinational corporations in Europe

Qi Ai, Hui Tan

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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 languageEnglish
Article number101053
Pages (from-to)1-13
Number of pages13
JournalJournal of World Business
Issue number3
Early online date4 Dec 2019
Publication statusPublished - Apr 2020


  • Mergers and acquisitions;
  • post-acquisition integration
  • Emerging economies
  • Reverse capability transfer
  • Emerging-market multinational corporations
  • China

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