Genetic distance, international experience and the performance of cross-border R&D for EMNEs

2021 ◽  
Vol 27 (2) ◽  
pp. 100853
Author(s):  
Chen Xu ◽  
Yan Xiong ◽  
Yuanxin Sun ◽  
Yipeng Liu
Keyword(s):  
Genetic Distance ◽  
International Experience ◽  
Cross Border

Acquirer-to-target relatedness and target country unfamiliarity in acquisitions

2017 ◽  
Vol 55 (5) ◽  
pp. 892-914 ◽  
Author(s):  
Ilaria Galavotti ◽  
Donatella Depperu ◽  
Daniele Cerrato
Keyword(s):  
Design Methodology ◽  
International Experience ◽  
Product Diversification ◽  
Moderating Effects ◽  
Content Type ◽  
Sources Of Uncertainty ◽  
Cross Border ◽  
Ordered Logistic Regression ◽  
The Relationship ◽  
Target Country

Purpose The purpose of this paper is to analyze corporate scope decisions in acquisitions with a focus on the relationship between target country unfamiliarity and acquirer-to-target relatedness and on the moderating effects played by product diversification and international experience. Design/methodology/approach Using a dataset of 689 acquisitions completed in the period 2007-2013 by acquirers located in 60 countries, this paper utilizes an ordered logistic regression analysis. Findings With greater target country unfamiliarity, acquirers are encouraged to pursue greater acquirer-to-target relatedness. This finding suggests that acquirers tend to seek a balance between product and international diversification to reduce the sources of uncertainty in their acquisition moves. While past international experience strengthens this relationship, diversification experience has a negative moderating effect and hence encourages acquirers to reduce relatedness at increasing market unfamiliarity. Originality/value The originality of this paper is twofold. First, the authors extend the traditional internationalization-diversification framework to an unfamiliarity-relatedness relationship in the context of acquisitions. Second, the authors propose a construct of target country unfamiliarity in acquisitions that goes beyond the traditional domestic vs cross-border dichotomy by including previous experience in the target country.

Whose international experience matters more? Decision-makers with international experience in Chinese family firms

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Jie Hao ◽  
Zhenzhen Xie ◽  
Kunpeng Sun
Keyword(s):  
Mergers And Acquisitions ◽  
Family Business ◽  
Family Firms ◽  
Second Generation ◽  
International Experience ◽  
Chinese Family ◽  
Content Type ◽  
Upper Echelons Theory ◽  
Cross Border ◽  
The Impact

Purpose The purpose of this study is to examine if the international experience of a family firm’s chairman, second-generation managers and other top managers all have impacts of different strengths using information about Chinese family firms’ international expansion. Design/methodology/approach Matching tactics and dynamic Heckman 2-stage analysis were applied to data on 766 publicly-listed Chinese family businesses covering 2008–2014. Findings The international experience of the chairman, second-generation family managers and other senior managers all were found to correlate with the proportion of a firm’s revenue earned abroad, as well as with the number of its cross-border mergers and acquisitions. The impact of a chairman’s international experience is stronger than the impact of the other two groups when internationalization is measured in terms of the proportion of revenue earned overseas. The second-generation managers’ international experience is the most influential when internationalization is measured in terms of the number of cross-border mergers and acquisitions. Originality/value This paper bridges agency theory with upper echelons theory in the context of the family business. The findings contribute to the scholarly understanding of family business by illuminating the mechanisms through which second-generation managers may influence family firms’ internationalization. They also enrich the knowledge of family firms in China.

On Mechanisms of Realization of the Public Procurement of Construction Works (The Case of Road Const ruction)

2003 ◽  
pp. 68-80
Author(s):  
A. Dementiev ◽  
A. Zolotareva ◽  
A. Reus
Keyword(s):  
Public Procurement ◽  
Road Construction ◽  
International Experience ◽  
The Public ◽  
Government Purchases ◽  
Efficiency And Effectiveness ◽  
Construction Works ◽  
Budget Expenditure

The most important measures stimulating the increase of efficiency and effectiveness of budget expenditures on road construction are the improvement of pricing mechanisms and increasing efficiency of the procedures of government purchases of goods, works and services. The paper includes the analysis of main problems that arise in the process of government purchases and construction pricing with the reference to budget expenditure on road construction. It includes the review and analysis of international experience and possible measures of increasing the efficiency and effectiveness of government purchases and (road) construction pricing in Russia.

Forestry: The Mechanisms of the Accordance of the Rights of User Analysis

2006 ◽  
pp. 57-70 ◽  
Author(s):  
A. Manakov
Keyword(s):  
International Experience ◽  
Auction Design

The author considers the ways in which the rights of user of the forestry in Russia are granted. The article analyzes the international experience of forest auctions and describes the main problems of the auction design.

Sign in / Sign up

Export Citation Format

Share Document