Knowledge exploration in cross-border acquisitions: how does absorptive capacity matter?
Loading...
Files
Published Version
Date
2023-11-29
Authors
Tonn Goulart Moura, Stephanie
Falaster, Christian Daniel
Lawton, Thomas C.
Journal Title
Journal ISSN
Volume Title
Publisher
Emerald Publishing Ltd.
Published Version
Abstract
Purpose: This study aims to explore how the absorptive capacity of emerging market multinationals (EMNEs) facilitates increased acquirer performance in industry exploration and technology exploration cross-border acquisitions (CBAs). Design/methodology/approach: The research context for this study is Brazilian EMNEs and their CBAs. The final database contains 101 CBAs. Findings: The authors find that industry exploration strategies negatively affect financial performance, but technology exploration strategies have a positive effect. The acquirer’s absorptive capacity can exacerbate the negative effects, except in instances of technology exploration strategies, where there is a demonstrable benefit from the acquirer’s absorptive capacity. Originality/value: The study contributes first by providing a more nuanced understanding of the effects of absorptive capacity on postacquisition performance, depending on the type of knowledge explored. Second, by drawing on EMNE learning perspectives, the authors demonstrate the versatility of absorptive capacity in emerging markets.
Description
Keywords
EMNEs , Cross-border acquisition , Absorptive capacity , Knowledge exploration , Post-acquisition performance
Citation
Moura, S., Falaster, C. D. and Lawton, T. C. (2024) 'Knowledge exploration in cross-border acquisitions: how does absorptive capacity matter?', Multinational Business Review, 32(2), pp.241-264. https://doi.org/10.1108/MBR-01-2023-0012