Acquisitions as entrepreneurship: asymmetries, opportunities, and the internationalization of multinationals from emerging economies

dc.contributor.authorMadhok, Anoopen_US
dc.contributor.authorKeyhani, Mohammaden_US
dc.date.accessioned2014-11-21T20:25:28Z
dc.date.available2014-11-21T20:25:28Z
dc.date.issued2012-02-13
dc.description.abstractWe investigate the rapid internationalization of many multinationals from emerging economies through acquisition in advanced economies. We conceptualize these acquisitions as an act and form of entrepreneurship, aimed to overcome the ‘liability of emergingness’ incurred by these firms and to serve as a mechanism for competitive catch-up through opportunity seeking and capability transformation. Our explanation emphasizes (1) the unique asymmetries (and not necessarily advantages) distinguishing emerging multinationals from advanced economy multinationals due to their historical and institutional differences, as well as (2) a search for advantage creation when firms possess mainly ordinary resources. The argument shifts the central focus from advantage to asymmetries as the starting point for internationalization and, additionally, highlights the role of learning agility rather than ability as a potential ‘asset of emergingness.’en_US
dc.description.refereedYesen_US
dc.identifier.citationMadhok, A. and Keyhani, M. (2012), Acquisitions as entrepreneurship: asymmetries, opportunities, and the internationalization of multinationals from emerging economies. Global Strategy Journal, 2: 26–40. doi: 10.1002/gsj.1023en_US
dc.identifier.department14460en_US
dc.identifier.doihttp://dx.doi.org/10.11575/PRISM/34111
dc.identifier.issn2042-5805
dc.identifier.urihttp://hdl.handle.net/1880/50262
dc.language.isoengen_US
dc.publisherWileyen_US
dc.publisher.corporateUniversity of Calgaryen_US
dc.publisher.facultyHaskayne School of Businessen_US
dc.publisher.urlhttp://onlinelibrary.wiley.com/doi/10.1002/gsj.1023/abstracten_US
dc.subjectStrategyen_US
dc.subjectEntrepreneurshipen_US
dc.subjectInternational Businessen_US
dc.subject.otherEmerging Economy Multinationalsen_US
dc.subject.otherAcquisitionsen_US
dc.subject.otherInternationalizationen_US
dc.titleAcquisitions as entrepreneurship: asymmetries, opportunities, and the internationalization of multinationals from emerging economiesen_US
dc.typejournal article
thesis.degree.disciplineHaskayne School of Businessen_US
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