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What drives firms’ intent to seek strategic assets by foreign direct investment? A study of emerging economy firms

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Abstract

What drives firms, particularly those from emerging economies, to engage in competitive catch-up with world leaders? We study the first step leading to catch-up, namely the managerial intent to acquire strategic assets that help closing the gap. Theoretically grounded in the awareness-motivation-capability (AMC) framework of competitive dynamics, we identify key factors contributing to firms' strategic intent to catch-up by acquiring strategic assets abroad. Using a sample of 154 Chinese firms, we find that firms' strategic assets seeking intent of foreign direct investment is influenced by their exposure to foreign competition, their governance structure, and relevant financial and managerial capabilities.

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[Cui, Lin] Research School of Management, The Australian National University, Canberra 0200, Australia

[Meyer, Klaus E.] China Europe International Business School, 699 Hongfeng Road, Pudong, Shanghai 201206, China

[Hu, Helen Wei] Department of Management and Marketing, University of Melbourne, 198 Berkeley Street, Melbourne, VIC 3010, Australia


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Source

Journal of World Business

ISSN:1090-9516

Year:2014

Issue:4

Volume:49

Page:488-501

Powered by JCR@2014

ESI Discipline:ECONOMICS & BUSINESS;

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