دانلود رایگان مقاله لاتین فاصله ذهنی و روانی در تملک از سایت الزویر
عنوان فارسی مقاله:
فاصله ذهنی و روانی و مالکیت در تملک: جهت گیری مسائل
عنوان انگلیسی مقاله:
Psychic distance and ownership in acquisitions: Direction matters
سال انتشار : 2016
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مقدمه انگلیسی مقاله:
1. Introduction
In 2014, MNEs from emerging economies (EMNEs) were responsible for 39% of global foreign direct investment (FDI) outflows (i.e. $553 billion), compared to only 12% at the start of the 21st century (UNCTAD, 2014). Despite this tremendous growth, much of what we know about the internationalization of MNEs (e.g. entry mode and ownership structure) stems from theoretical and empirical studies performed on multinational enterprises from developed countries (DMNEs) (Ramamurti, 2012). Through research on DMNEs, three theoretical strands of research help predict how firms will internationalize under the influence of distance. First, transaction cost economics suggests that firms entering distant host markets will choose lower commitments due to both external uncertainty (volatility of the host environment) and internal uncertainty (the firm's perceived inability to operate in such environments) (Zhao et al., 2004). Second, the resource based view tells us that firms may seek out partial ownership if they have intermediate levels of knowledge of the local market (Erramilli, 1991). Third, the Uppsala model (Johanson and Vahlne, 1977) suggests that firms will incrementally internationalize before engaging in FDI in uncertain and distant environments, in order to gain the knowledge (i.e. experience) required to enter those markets. Given that these findings are based on research performed on MNEs from developed countries, this paper calls into question the applicability of these theoretical findings to EMNEs, as other recent research has done (e.g. Cuervo-Cazurra, 2012; Gammeltoft et al., 2010; Guillen and Garcia-Canal, 2009; Hennart, 2012; Narula, 2012; Ramamurti, 2012).
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کلمات کلیدی:
Degree of equity ownership in cross-border acquisitions of Brazilian ... www.scielo.br/pdf/rausp/v52n1/0080-2107-rausp-52-01-0059.pdf by MASPV Ferreira - 2017 - Cited by 2 - Related articles Oct 10, 2016 - while financial and cultural distance leads to a full acquisition. This study has two contributions: reinforces the understanding of the institutional. How does firm experience and institutional distance impact ownership ... onlinelibrary.wiley.com › ... › R&D Management › Vol 43 Issue 5 › Abstract Sep 9, 2013 - ... distance impact ownership choice in high-technology acquisitions? .... Performance of foreign subsidiaries: does psychic distance matter? Emerging Market Multinationals in Europe https://books.google.com/books?isbn=1317417682 Louis Brennan, Caner Bakir - 2016 - BUSINESS & ECONOMICS ... or make acquisitions in locations with high psychic distance from their home base. ... new locational advantages rather than to exploit ownership advantages. [PDF]Aleksandra Nizielska THE ROLE OF PSYCHIC DISTANCE IN THE ... cejsh.icm.edu.pl/cejsh/element/.../6_Nizielska_The_role_of_psychic_distance.pdf by A Nizielska - 2013 - Cited by 2 - Related articles The concept of psychic distance was compared to cultural distance, they are used interchangeably in ... entry mode (export versus foreign direct investment; acquisitions versus green .... fluence ownership in a nonlinear fashion. He suggested ... Location Strategies and Value Creation of International Mergers and ... https://books.google.com/books?isbn=1786300494 Ludivine Chalen?on - 2017 - Business & Economics Within this framework, they link learning effects, psychic distance and the chosen ... of why companies chose to proceed through international mergers and acquisitions. ... Ownership advantages “O” refer to the competitive advantages of a 28 ... Mergers and Acquisitions in Practice - Page 90 - Google Books Result https://books.google.com/books?isbn=1317659562 Shlomo Y. Tarba, Sir Cary L. Cooper, Riikka M. Sarala - 2016 - Business & Economics Cartwright, S. and R. Schoenberg, 'Thirty years of mergers and acquisitions research: ... Child, J., S. H. Ng and C. Wong, 'Psychic distance and internationalization: ... Cui, L. and F. Jiang, 'Behind ownership decision of Chinese outward FDI: ... Internationalization of Firms: The Role of Institutional Distance on ... https://books.google.com/books?isbn=1787141357 Laura Vanoli Parietti - 2017 - Business & Economics The ownership structure of foreign subsidiaries and the effect of institutional distance: A ... The psychic distance postulate revised: From market selection to speed of ... Greenfield investments or acquisitions: Impacts of institutional distance on ...
