What is “strategic asset seeking FDI”?

Multinational Business Review

Volumn 23, Issue 1, 2015, Pages 57-66

  Meyer, Klaus ^a  

^a CHINA EUROPE INTERNATIONAL BUSINESS SCHOOL   (China)

Author keywords

Capability building; Foreign direct investment; Resource augmentation; Resource exploitation; Resource exploration; Strategic asset seeking

Indexed keywords

EID: 84927728443     PISSN: 1525383X     EISSN: 20541686     Source Type: Journal    
DOI: 10.1108/MBR-02-2015-0007     Document Type: Article

References (28)

1. Bajaj, V. (2012), “Tata Motors finds success in Jaguar Land Rover”, New York Times, 30 August.
2. Chung, W. and Alcácer, J. (2002), “Knowledge seeking and location choice of foreign direct investment in the United States”, Management Science, Vol. 48 No. 12, pp. 1534-1554.
3. Cui, L., Meyer, K.E. and Hu, H. (2014), “What drives firms’ intent to seek strategic assets by foreign direct investment?Astudy of emerging economy firms”, Journal of World Business, Vol. 49 No. 4, pp. 488-501.
4. Deng, P. (2009), “Why do Chinese firms tend to acquire strategic assets in international expansion?”, Journal of World Business, Vol. 44 No. 1, pp. 74-84.
5. Dunning, J.H. (1991), “The eclectic paradigm of international production”, in Pitelis, C. and Sugden, R., (Eds), The Nature of the Transnational Firm, Routledge, London.
6. Dunning, J.H. (1993), Multinational Enterprises and the Global Economy, 1st ed., Elgar, Cheltenham.
7. Dunning, J.H. and Lundan, S. (2008), Multinational Enterprises and the Global Economy, 2nd ed., Elgar, Cheltenham.
8. Dunning, J.H. and Narula, R. (1995), “The R&D activities of foreign firms in the United States”, International Studies of Management & Organization, Vol. 25 Nos 1/2, pp. 39-73.
9. Gribben, R. (2015), “Jaguar Land Rover: £1.3bn Tata gamble pays off as big cat purrs at last”, The Telegraph, February, p. 15.
10. Kogut, B. and Chang, S.J. (1991), “Technological capabilities and Japanese foreign direct investment in the United States”, Review of Economics and Statistics, Vol. 73 No. 3, pp. 401-413.
11. Li, J., Li, Y. and Shapiro, D. (2012), “Knowledge seeking and outward FDI by emerging market firms: the moderating effect of inward FDI”, Global Strategy Journal, Vol. 2 No. 4, pp. 277-295.
12. Luo, Y.D. (2002), “Capability exploitation and building in a foreign market: implications for multinational enterprises”, Organization Science, Vol. 13 No. 1, pp. 48-63.
13. March, J.G. (1991), “Exploration and exploitation in organizational learning”, Organization Science, Vol. 2 No. 1, pp. 71-87.
14. Meyer, K.E. (2014), “Process perspectives on the growth of emerging economy multinationals”, in Cuervo-Cazurra, A. and Ramamurti, R. (Eds), Understanding Multinationals from Emerging Markets, Cambridge University Press, Cambridge, pp. 169-194.
15. Meyer, K.E., Chng, D.H.M. and Zhu, J. (2014), “SG Group: a Chinese challenger acquires German premium brands”, CEIBS Case Center.
16. Meyer, K.E., Wright, M. and Pruthi, S. (2009), “Managing knowledge in foreign entry strategies: a resource-based analysis”, Strategic Management Journal, Vol. 30 No. 5, pp. 557-574.
17. Narula, R. (2012), “Do we need different frameworks to explain infant MNEs from developing countries?”, Global Strategy Journal, Vol. 2 No. 3, pp. 188-204.
18. Narula, R. and Zanfei, A. (2004), “Globalization of innovation: the role of multinational enterprises”, Oxford Handbook of Innovation, Oxford University Press, Oxford, pp. 318-345.
19. Porter, M.E. (1998), Competitive Strategy, Free Press New York, NY.
20. Rugman, A.N. and Nguyen, Q.T.K. (2014), “Modern international business theory and emerging economy multinational enterprises”, in Cuervo-Cazurra, A. and Ramamurti, R. (Eds), Understanding Multinationals from Emerging Markets, Cambridge University Press, Cambridge, pp. 53-80.
21. Rui, H. and Yip, G.S. (2008), “Foreign acquisitions by Chinese firms: a strategic intent perspective”, Journal of World Business, Vol. 43 No. 2, pp. 213-226.
22. Shirouzu, N. (2013), “Exclusive: Geely, Volvo differ over future China look”, Reuters, September, p. 10.
23. Teece, D. (2014), “A dynamic capabilities-based entrepreneurial theory of the multinational enterprise”, Journal of International Business Studies, Vol. 45 No. 1, pp. 8-37.
24. Vernon, R. (1966), “International investment and international trade in the product cycle”, Quarterly Journal of Economics, Vol. 80 No. 2, pp. 190-207.
25. Waldmair, P. (2013), “Geely grapples with the Volvo gears”, Financial Times, April, p. 23.
26. Ivarsson, I. and Jonsson, T. (2003), “Local technological competence and asset-seeking FDI: an empirical study of manufacturing and wholesale affiliates in Sweden”, International Business Review, Vol. 12 No. 3, pp. 369-386.
27. Luo, Y.D. and Tung, R.L. (2007), “International expansion of emerging market enterprises: a springboard perspective”, Journal of International Business Studies, Vol. 38 No. 4, pp. 481-498.
28. Makino, S., Lau, C.M. and Yeh, R.S. (2002), “Asset-exploitation versus asset-seeking: implications for location choice of foreign direct investment from newly industrialized economies”, Journal of International Business Studies, Vol. 33 No. 3, pp. 403-421.