Exploring location-specific assets and exploiting firm-specific advantages: An integrative perspective on foreign ownership decisions

研究成果: Article同行評審

7 引文 斯高帕斯(Scopus)

摘要

Exploiting existing assets and exploring new assets are two major and often concurrent forces driving firms to invest abroad. Moving beyond prior attention to their separate effects on foreign ownership decisions, this study examines their integrative impact. I develop hypotheses aligning a set of firm-specific advantages with asset-seeking motives, and test these relationships on a sample of Taiwanese overseas investments. I find that wholly-owned subsidiaries are preferred to joint ventures when multinationals are able to tap into host innovatory dynamism by employing extant technological capabilities and to access local natural resources by leveraging corporate scales. Nonetheless, multinationals face difficulties in deploying marketing knowledge in different contexts and thus are more likely to choose joint ventures for an aggressive foreign market entry.

原文English
頁(從 - 到)120-134
頁數15
期刊Canadian Journal of Administrative Sciences
24
發行號2
DOIs
出版狀態Published - 2007 6月

All Science Journal Classification (ASJC) codes

  • 商業與國際管理
  • 公共行政
  • 行銷
  • 技術與創新管理

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