Cross-border acquisition performance of emerging market multinational enterprises: The moderating role of state-ownership and acquisition experience

PurposePost-acquisition control is a crucial factor affecting acquisition performance. We investigate how post-acquisition control strategy affects cross-border acquisition performance of Chinese multinational enterprises (MNEs) through a configurational perspective.Design/methodology/approachBased on 70 cross-border acquisition cases by Chinese MNEs, we adopt fuzzy-set qualitative comparative analysis (fsQCA) to study the combined effects of strategic control, operational control, institutional distance, cultural distance, relative capacity and business relatedness on the cross-border acquisition performance.FindingsOn the basis of fuzzy set analysis of multiple interdependent factors, we identify six configurations that are conductive to achieving high cross-border acquisition performance and two configurations that relate to the absence of high performance, thus shedding light on the casually complex nature of performance drivers of acquisitions.Originality/valueThis study provides a holistic, configurational approach to investigating cross-border acquisition performance by emerging market firms. Our results provide some compelling evidence that accounts for the causal complexity of post-acquisition control strategies and acquisition outcomes in the context of emerging economies.

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The Impact of Organizational Context on the Levels of Cross-Border E-Commerce Adoption in Chinese SMEs: The Moderating Role of Environmental Context

Journal of theoretical and applied electronic commerce research ◽

10.3390/jtaer16070150 ◽

2021 ◽

Vol 16 (7) ◽

pp. 2732-2749

Author(s):

Anaf Abdulkarem ◽

Wenhua Hou

Keyword(s):

Online Survey ◽

Organizational Context ◽

Positive Impact ◽

Environmental Context ◽

Cross Border ◽

Level 3 ◽

Four Levels ◽

The Impact ◽

Moderating Role

With the rapid technological developments, cross-border e-commerce (CBEC) as a sector is also expanding rapidly. In the past couple of decades, China has become a major force in promoting and developing CBEC and, therefore, it was needed to explore the various antecedents and outcomes of Chinese CBEC to expand the understanding and existing CBEC scholarship. Ample studies have been conducted to understand the antecedents and outcomes of CBEC. However, limited studies have explored such variables which can mitigate the adoption of CBEC. With this background, this empirical study was focused on addressing this gap by studying the moderating role of environmental context between organizational context and the four levels of CBEC adoption with the help of a technology-organization-environment framework. SMEs operating in China were targeted for data collection, where data were collected through an online survey. A final sample size of 208 was recorded. It was found that the organizational context has a direct and positive impact on all four levels of CBEC adoption. Furthermore, the moderating role of environmental context on Level 1 and 2 was not supported. Finally, the moderating role of environmental context on Level 3 and 4 was supported by the data. It was concluded that the organizational context plays a significant role in shaping CBEC at all four levels, whereas the environmental context has the potential to mitigate the relationships between organizational context and CBEC Level 3 and 4.

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Cultural and organizational integration in cross-border M&A deals

Journal of Organizational Change Management ◽

10.1108/jocm-01-2016-0011 ◽

2017 ◽

Vol 30 (7) ◽

pp. 1109-1135 ◽

Cited By ~ 8

Author(s):

Andrei Panibratov

Keyword(s):

Case Studies ◽

Multinational Enterprises ◽

Emerging Market ◽

Strong Support ◽

Annual Reports ◽

Integration Process ◽

Key Factors ◽

Content Type ◽

Cross Border ◽

Organizational Integration

Purpose The purpose of this paper is to identify key factors that influence the integration process in cross-border mergers and acquisitions (M&A) deals of emerging multinational enterprises (EMNEs). The research questions are: how national and organizational culture coupled with other organizational characteristics influence M&A deals of EMNEs? Which factors influence the process of cultural and organizational integration in cross-border M&A deals, initiated by EMNEs? What is the effect and consequences that different integration factors have on cross-border M&A deals by EMNEs? Design/methodology/approach The paper is based on a multiple case study research, considering cross-border deals of Chinese and Russian firms separately. Each block consists of two cases, describing M&A integration of companies operating in two sectors: high technology and finance. The authors obtained the data for case studies from companies’ official websites, annual reports, press releases, other official documents where companies were mentioned, business-media sources (newspapers and magazines), published interviews, documented speeches, letters, laws, as well as through blogs and social networks. The authors have also used the published information from articles, books, databases, and previously conducted case studies. Findings The authors have identified the factors influencing deals’ results of Chinese and Russian MNEs, with explanation based on case studies’ analysis. The full list of factors is presented in Table IV in the manuscript. The authors have also identified the set of elements that were derived from the case studies’ analysis only, without having any strong support in the literature, such as changes at a senior management level, educational and business exchanges, CSR policy, and the government involvement. Originality/value The authors have identified the key factors that influence integration of emerging market firms in cross-border M&A deal. The list of factors was adjusted and actualized in accordance with the results of four cases of cross-border M&A deals of Chinese or Russian companies. As a result, the authors founded the combination of characteristics of cultural and organizational integration process of firms from China and Russia.

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The Impact of Perceived Exclusive Global Talent Management on Intention to Stay: The Moderating Role of Interpersonal Relationships in Multinational Enterprises

korean management review ◽

10.17287/kmr.2021.50.6.1693 ◽

2021 ◽

Vol 50 (6) ◽

pp. 1693-1710

Author(s):

Xiaoyuan Li ◽

Yong Suhk Pak ◽

Kyutae Park

Keyword(s):

Interpersonal Relationships ◽

Multinational Enterprises ◽

Talent Management ◽

Intention To Stay ◽

The Impact ◽

Moderating Role

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Performance of Ghanaian women businesses community: the moderating role of social competence

Journal of Enterprising Communities People and Places in the Global Economy ◽

10.1108/jec-12-2020-0209 ◽

2021 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Cynthia Ayorkor Sallah ◽

Livingstone Divine Caesar

Keyword(s):

Social Competence ◽

Women Entrepreneurs ◽

Emerging Market ◽

Second Phase ◽

Business Growth ◽

Content Type ◽

Intangible Resources ◽

The Relationship ◽

Moderating Role

Purpose This paper aims to investigate the moderating dynamics of social competence in the relationship between intangible resources and the performance of women businesses from an emerging market context. Developed economy literature provides ample evidence of a positive relationship between intangible resources and the performance of women business ventures. Little is known of the complexity of this orthodoxy in developing markets such as Ghana. In particular, this paper investigates the moderating role of social competence in the relationship between intangible resources available to women entrepreneurs and performance. Design methodology approach An exploratory sequential mixed method research design was used. First phase involved qualitative data collected through interviews, and the second phase was quantitative data collected from 264 participants. Content analysis and multiple regression analysis were used. Findings Social competence is important to the success of women businesses as it influences the outcome of entrepreneurial interactions and communications. Also, it positively moderated the relationship between organisational reputational capital (RC) and women business growth. On the flip side, it negatively moderated the relationship between human capital, social capital, individual RC and women business growth. Practical implications To sustainably grow their businesses, women entrepreneurs must ascertain the right level of social competence needed. The utilization of social competence at higher rather than lower levels could mean more costs and more training for which the business may not have immediate use. Originality value This paper advocates the need to improve the content of entrepreneurial training packages to include the reinforcement of social competency skills in terms of relationship management as this may be the key to the facilitation of access to resources for innovation and growth.

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Institutional constraints and exporting of emerging‐market firms: The moderating role of innovation capabilities and digital transformation

Managerial and Decision Economics ◽

10.1002/mde.3552 ◽

2022 ◽

Author(s):

Huiwen Su ◽

Feiying Cai ◽

Yunting Huang

Keyword(s):

Emerging Market ◽

Digital Transformation ◽

Institutional Constraints ◽

Emerging Market Firms ◽

Moderating Role

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Debt financing and firm performance: The moderating role of board independence

Journal of General Management ◽

10.1177/0306307019886829 ◽

2020 ◽

Vol 45 (3) ◽

pp. 141-151

Author(s):

Hanh Song Thi Pham ◽

Duy Thanh Nguyen

Keyword(s):

Emerging Market ◽

Debt Financing ◽

Board Independence ◽

Data Set ◽

Listed Firms ◽

Negative Effect ◽

And Performance ◽

The Relationship ◽

Moderating Role

This article investigates the moderating role of board independence in the relationship between debt financing and performance of emerging market firms. We have used an empirical model in which the firm’s accounting profitability is a dependent variable and the independent variables are debt financing, board independence, the interaction variable made of debt financing and board independence as well as various control variables. Our analysis is based on a panel data set of 300 listed firms in Vietnam between 2013 and 2017. Our study finds that debt financing has a significantly negative effect and that board independence reduces the adverse impact of debt financing on accounting profitability. Our results are consistent across different estimation models and methods.

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