메뉴 건너뛰기




Volumn 50, Issue 4, 2015, Pages 651-662

Mergers and acquisitions in and out of emerging economies

Author keywords

Acquisitions; Developing countries; Emerging economies; Emerging markets; Emerging multinationals; M A; Mergers; Mergers and acquisitions

Indexed keywords


EID: 84941745802     PISSN: 10909516     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jwb.2014.09.003     Document Type: Article
Times cited : (237)

References (107)
  • 2
    • 84993918483 scopus 로고
    • Executive careers and compensation surrounding takeover bids
    • Agrawal A., Walkling R.A. Executive careers and compensation surrounding takeover bids. Journal of Finance 1994, 49(3):985-1014.
    • (1994) Journal of Finance , vol.49 , Issue.3 , pp. 985-1014
    • Agrawal, A.1    Walkling, R.A.2
  • 3
    • 70349308589 scopus 로고    scopus 로고
    • Cross-border acquisitions and firm value: An analysis of emerging-market multinationals
    • Aybar B., Ficici A. Cross-border acquisitions and firm value: An analysis of emerging-market multinationals. Journal of International Business Studies 2009, 40(8):1317-1338.
    • (2009) Journal of International Business Studies , vol.40 , Issue.8 , pp. 1317-1338
    • Aybar, B.1    Ficici, A.2
  • 4
    • 77954121482 scopus 로고    scopus 로고
    • Cross-border acquisitions and shareholder wealth: Evidence from the energy industry in Central and Eastern Europe
    • Bednarczyk T.P., Schiereck D., Walter H.N. Cross-border acquisitions and shareholder wealth: Evidence from the energy industry in Central and Eastern Europe. Journal for East European Management Studies 2010, 15(2):106-127.
    • (2010) Journal for East European Management Studies , vol.15 , Issue.2 , pp. 106-127
    • Bednarczyk, T.P.1    Schiereck, D.2    Walter, H.N.3
  • 5
    • 84864146686 scopus 로고    scopus 로고
    • Performance of domestic and cross-border acquisitions: Empirical evidence from Russian acquirers
    • Bertrand O., Betschinger M.-A. Performance of domestic and cross-border acquisitions: Empirical evidence from Russian acquirers. Journal of Comparative Economics 2012, 40:413-437.
    • (2012) Journal of Comparative Economics , vol.40 , pp. 413-437
    • Bertrand, O.1    Betschinger, M.-A.2
  • 6
    • 79955644928 scopus 로고    scopus 로고
    • Emerging country cross-border acquisitions: Characteristics, acquirer returns and cross-sectional determinants
    • Bhagat S., Malhotra S., Zhu P.C. Emerging country cross-border acquisitions: Characteristics, acquirer returns and cross-sectional determinants. Emerging Markets Review 2011, 12:250-271.
    • (2011) Emerging Markets Review , vol.12 , pp. 250-271
    • Bhagat, S.1    Malhotra, S.2    Zhu, P.C.3
  • 7
    • 84861465696 scopus 로고    scopus 로고
    • Does ownership concentration improve M&A outcomes in emerging markets? Evidence from India
    • Bhaumik S.K., Selarka E. Does ownership concentration improve M&A outcomes in emerging markets? Evidence from India. Journal of Corporate Finance 2012, 18(4):717-726.
    • (2012) Journal of Corporate Finance , vol.18 , Issue.4 , pp. 717-726
    • Bhaumik, S.K.1    Selarka, E.2
  • 8
    • 77955028462 scopus 로고    scopus 로고
    • Acquisitions and real options: The greenfield alternative
    • Brouthers K.D., Dikova D. Acquisitions and real options: The greenfield alternative. Journal of Management Studies 2010, 47(6):1048-1071.
    • (2010) Journal of Management Studies , vol.47 , Issue.6 , pp. 1048-1071
    • Brouthers, K.D.1    Dikova, D.2
  • 9
    • 84863994045 scopus 로고    scopus 로고
    • Host-home country linkages and host-home country specific advantages as determinants of foreign acquisitions by Indian firms
    • Buckley P.J., Forsans N., Munjal S. Host-home country linkages and host-home country specific advantages as determinants of foreign acquisitions by Indian firms. International Business Review 2012, 21(5):878-890.
    • (2012) International Business Review , vol.21 , Issue.5 , pp. 878-890
    • Buckley, P.J.1    Forsans, N.2    Munjal, S.3
  • 10
    • 0004023526 scopus 로고
    • Harvard University Press, Cambridge, MA
    • Burt R.S. Structural holes 1992, Harvard University Press, Cambridge, MA.
    • (1992) Structural holes
    • Burt, R.S.1
  • 11
    • 2442529819 scopus 로고    scopus 로고
    • Do early birds get the returns? An empirical investigation of early-mover advantages in acquisitionsc
    • Carow K., Heron R., Saxton T. Do early birds get the returns? An empirical investigation of early-mover advantages in acquisitionsc. Strategic Management Journal 2004, 25(6):563-585.
    • (2004) Strategic Management Journal , vol.25 , Issue.6 , pp. 563-585
    • Carow, K.1    Heron, R.2    Saxton, T.3
  • 12
    • 28944435092 scopus 로고    scopus 로고
    • Power imbalance, mutual dependence, and constraint absorption: A close look at resource dependence theory
    • Casciaro T., Piskorski M.J. Power imbalance, mutual dependence, and constraint absorption: A close look at resource dependence theory. Administrative Science Quarterly 2005, 50(2):167-199.
    • (2005) Administrative Science Quarterly , vol.50 , Issue.2 , pp. 167-199
    • Casciaro, T.1    Piskorski, M.J.2
  • 13
    • 84863367924 scopus 로고    scopus 로고
    • Foreign ownership and firm performance: Emerging market acquisitions in the United States
    • Chari A., Chen W., Dominguez K.M.E. Foreign ownership and firm performance: Emerging market acquisitions in the United States. IMF Economic Review 2012, 60(1):1-42.
    • (2012) IMF Economic Review , vol.60 , Issue.1 , pp. 1-42
    • Chari, A.1    Chen, W.2    Dominguez, K.M.E.3
  • 16
    • 79952002740 scopus 로고    scopus 로고
    • The effect of investor origin on firm performance: Domestic and foreign direct investment in the United States
    • Chen W. The effect of investor origin on firm performance: Domestic and foreign direct investment in the United States. Journal of International Economics 2011, 83(2):219-228.
    • (2011) Journal of International Economics , vol.83 , Issue.2 , pp. 219-228
    • Chen, W.1
  • 17
    • 77954688733 scopus 로고    scopus 로고
    • Cross-border mergers and acquisitions by Chinese listed companies: A principal-principal perspective
    • Chen Y.Y., Young M.N. Cross-border mergers and acquisitions by Chinese listed companies: A principal-principal perspective. Asia Pacific Journal of Management 2010, 27(3):523-539.
    • (2010) Asia Pacific Journal of Management , vol.27 , Issue.3 , pp. 523-539
    • Chen, Y.Y.1    Young, M.N.2
  • 18
    • 79952579593 scopus 로고    scopus 로고
    • Performance and characteristics of acquiring firms in the Chinese stock markets
    • Chi J., Sun Q., Young M. Performance and characteristics of acquiring firms in the Chinese stock markets. Emerging Markets Review 2011, 12(2):152-170.
    • (2011) Emerging Markets Review , vol.12 , Issue.2 , pp. 152-170
    • Chi, J.1    Sun, Q.2    Young, M.3
  • 20
    • 84989036202 scopus 로고
    • Factors influencing wealth creation from mergers and acquisitions: A meta-analysis
    • Datta D.K., Pinches G.E., Narayanan V.K. Factors influencing wealth creation from mergers and acquisitions: A meta-analysis. Strategic Management Journal 1992, 13(1):67-84.
    • (1992) Strategic Management Journal , vol.13 , Issue.1 , pp. 67-84
    • Datta, D.K.1    Pinches, G.E.2    Narayanan, V.K.3
  • 21
    • 84861682216 scopus 로고    scopus 로고
    • Locational determinants of internationalization: A firm-level analysis of Chinese and Indian acquisitions
    • De Beule F., Duanmu J. Locational determinants of internationalization: A firm-level analysis of Chinese and Indian acquisitions. European Management Journal 2012, 30(3):264-277.
    • (2012) European Management Journal , vol.30 , Issue.3 , pp. 264-277
    • De Beule, F.1    Duanmu, J.2
  • 22
    • 57449087311 scopus 로고    scopus 로고
    • Why do Chinese firms tend to acquire strategic assets in international expansion?
    • Deng P. Why do Chinese firms tend to acquire strategic assets in international expansion?. Journal of World Business 2009, 44(1):74-84.
    • (2009) Journal of World Business , vol.44 , Issue.1 , pp. 74-84
    • Deng, P.1
  • 23
    • 82955166624 scopus 로고    scopus 로고
    • Learning before making the big leap: Acquisition strategies of emerging market firms
    • Elango B., Pattnaik C. Learning before making the big leap: Acquisition strategies of emerging market firms. Management International Review 2011, 51(4):461-481.
    • (2011) Management International Review , vol.51 , Issue.4 , pp. 461-481
    • Elango, B.1    Pattnaik, C.2
  • 25
    • 84864462424 scopus 로고    scopus 로고
    • Brownfield acquisitions: A reconceptualization and extension
    • Estrin S., Meyer K.E. Brownfield acquisitions: A reconceptualization and extension. Management International Review 2011, 51:483-509.
    • (2011) Management International Review , vol.51 , pp. 483-509
    • Estrin, S.1    Meyer, K.E.2
  • 26
    • 78751706465 scopus 로고    scopus 로고
    • Corporate finance and governance in emerging markets: A selective review and an agenda for future research
    • Fan J.P., Wei K.C., Xu X. Corporate finance and governance in emerging markets: A selective review and an agenda for future research. Journal of Corporate Finance 2011, 17(2):207-214.
    • (2011) Journal of Corporate Finance , vol.17 , Issue.2 , pp. 207-214
    • Fan, J.P.1    Wei, K.C.2    Xu, X.3
  • 28
    • 84887319221 scopus 로고    scopus 로고
    • Corporate governance and national institutions: A review and emerging research agenda
    • Filatochev I., Jackson G., Nakajima C. Corporate governance and national institutions: A review and emerging research agenda. Asia Pacific Journal of Management 2013, 30:965-986.
    • (2013) Asia Pacific Journal of Management , vol.30 , pp. 965-986
    • Filatochev, I.1    Jackson, G.2    Nakajima, C.3
  • 30
    • 84865654639 scopus 로고    scopus 로고
    • Bank mergers and acquisitions in emerging markets: Evidence from Asia and Latin America
    • Goddard J., Molyneux P., Zhou T. Bank mergers and acquisitions in emerging markets: Evidence from Asia and Latin America. European Journal of Finance 2012, 18(5):419-438.
    • (2012) European Journal of Finance , vol.18 , Issue.5 , pp. 419-438
    • Goddard, J.1    Molyneux, P.2    Zhou, T.3
  • 31
    • 45249096020 scopus 로고    scopus 로고
    • Acquisitions from UK firms into emerging markets
    • Graham M., Martey E., Yawson A. Acquisitions from UK firms into emerging markets. Global Finance Journal 2008, 19(1):56-71.
    • (2008) Global Finance Journal , vol.19 , Issue.1 , pp. 56-71
    • Graham, M.1    Martey, E.2    Yawson, A.3
  • 32
    • 77949778547 scopus 로고    scopus 로고
    • Do international acquisitions by emerging-economy firms create shareholder value? The case of Indian firms
    • Gubbi S.R., Aulakh P.S., Ray S., Sarkar M.B., Chittoor R. Do international acquisitions by emerging-economy firms create shareholder value? The case of Indian firms. Journal of International Business Studies 2010, 41(3):397-418.
    • (2010) Journal of International Business Studies , vol.41 , Issue.3 , pp. 397-418
    • Gubbi, S.R.1    Aulakh, P.S.2    Ray, S.3    Sarkar, M.B.4    Chittoor, R.5
  • 33
    • 67049162731 scopus 로고    scopus 로고
    • Taking stock of what we know about mergers and acquisitions: A review and research agenda
    • Haleblian J., Devers C.E., McNamara G., Carpenter M.A., Davison R.B. Taking stock of what we know about mergers and acquisitions: A review and research agenda. Journal of Management 2009, 35(3):469-502.
    • (2009) Journal of Management , vol.35 , Issue.3 , pp. 469-502
    • Haleblian, J.1    Devers, C.E.2    McNamara, G.3    Carpenter, M.A.4    Davison, R.B.5
  • 34
    • 0033247481 scopus 로고    scopus 로고
    • The influence of organizational acquisition experience on acquisition performance: A behavioral learning perspective
    • Haleblian J., Finkelstein S. The influence of organizational acquisition experience on acquisition performance: A behavioral learning perspective. Administrative Science Quarterly 1999, 44(1):29-56.
    • (1999) Administrative Science Quarterly , vol.44 , Issue.1 , pp. 29-56
    • Haleblian, J.1    Finkelstein, S.2
  • 35
    • 33646558909 scopus 로고    scopus 로고
    • The influence of acquisition experience and performance on acquisition behavior: Evidence from the US commercial banking industry
    • Haleblian J., Kim J.Y.J., Rajagopalan N. The influence of acquisition experience and performance on acquisition behavior: Evidence from the US commercial banking industry. Academy of Management Journal 2006, 49(2):357-370.
    • (2006) Academy of Management Journal , vol.49 , Issue.2 , pp. 357-370
    • Haleblian, J.1    Kim, J.Y.J.2    Rajagopalan, N.3
  • 36
    • 0030550325 scopus 로고    scopus 로고
    • Externalities and corporate objectives in a world with diversified shareholder consumers
    • Hansen R.G., Lott J.R. Externalities and corporate objectives in a world with diversified shareholder consumers. Journal of Financial and Quantitative Analysis 1996, 31(1):43-68.
    • (1996) Journal of Financial and Quantitative Analysis , vol.31 , Issue.1 , pp. 43-68
    • Hansen, R.G.1    Lott, J.R.2
  • 37
    • 0036003384 scopus 로고    scopus 로고
    • Operating performance and the method of payment in takeovers
    • Heron R., Lie E. Operating performance and the method of payment in takeovers. Journal of Financial and Quantitative Analysis 2002, 37(1):137-155.
    • (2002) Journal of Financial and Quantitative Analysis , vol.37 , Issue.1 , pp. 137-155
    • Heron, R.1    Lie, E.2
  • 38
    • 78650564186 scopus 로고    scopus 로고
    • The cost of pride: Why do firms from developing countries bid higher?
    • Hope O., Thomas W., Vyas D. The cost of pride: Why do firms from developing countries bid higher?. Journal of International Business Studies 2011, 42(1):128-151.
    • (2011) Journal of International Business Studies , vol.42 , Issue.1 , pp. 128-151
    • Hope, O.1    Thomas, W.2    Vyas, D.3
  • 39
    • 84879811974 scopus 로고    scopus 로고
    • Emerging multinationals from mid-range economies: The influence of institutions and factor markets
    • Hoskisson R., Wright M., Filatotchev I., Peng M.W. Emerging multinationals from mid-range economies: The influence of institutions and factor markets. Journal of Management Studies 2013, 50(7):1295-1321.
    • (2013) Journal of Management Studies , vol.50 , Issue.7 , pp. 1295-1321
    • Hoskisson, R.1    Wright, M.2    Filatotchev, I.3    Peng, M.W.4
  • 40
    • 10844233905 scopus 로고    scopus 로고
    • Globalization and convergence in corporate governance: Evidence from Infosys and the Indian software industry
    • Khanna T., Palepu K. Globalization and convergence in corporate governance: Evidence from Infosys and the Indian software industry. Journal of International Business Studies 2004, 35(6):484-507.
    • (2004) Journal of International Business Studies , vol.35 , Issue.6 , pp. 484-507
    • Khanna, T.1    Palepu, K.2
  • 41
    • 84880254284 scopus 로고    scopus 로고
    • Corporate governance reforms around the world and cross-border acquisitions
    • Kim E.H., Lu Y. Corporate governance reforms around the world and cross-border acquisitions. Journal of Corporate Finance 2013, 22:236-253.
    • (2013) Journal of Corporate Finance , vol.22 , pp. 236-253
    • Kim, E.H.1    Lu, Y.2
  • 42
    • 0027767127 scopus 로고
    • Mergers and market power: Evidence from the airline industry
    • Kim E.H., Singal V. Mergers and market power: Evidence from the airline industry. American Economic Review 1993, 83:549-569.
    • (1993) American Economic Review , vol.83 , pp. 549-569
    • Kim, E.H.1    Singal, V.2
  • 43
    • 0742285882 scopus 로고    scopus 로고
    • Meta-analyses of post-acquisition performance: Indications of unidentified moderators
    • King D.R., Dalton D.R., Daily C.M., Covin J.G. Meta-analyses of post-acquisition performance: Indications of unidentified moderators. Strategic Management Journal 2004, 25(2):187-200.
    • (2004) Strategic Management Journal , vol.25 , Issue.2 , pp. 187-200
    • King, D.R.1    Dalton, D.R.2    Daily, C.M.3    Covin, J.G.4
  • 44
    • 57749118556 scopus 로고    scopus 로고
    • Performance implications of firm resource interactions in the acquisition of R&D-intensive firms
    • King D.R., Slotegraaf R.J., Kesner I. Performance implications of firm resource interactions in the acquisition of R&D-intensive firms. Organization Science 2008, 19(2):327-340.
    • (2008) Organization Science , vol.19 , Issue.2 , pp. 327-340
    • King, D.R.1    Slotegraaf, R.J.2    Kesner, I.3
  • 45
    • 77953686476 scopus 로고    scopus 로고
    • Gaining from the global ambitions of emerging economy enterprises: An analysis of the decision to sell a German firm to a Chinese acquirer
    • Knoerich J. Gaining from the global ambitions of emerging economy enterprises: An analysis of the decision to sell a German firm to a Chinese acquirer. Journal of International Management 2010, 16(2):177-191.
    • (2010) Journal of International Management , vol.16 , Issue.2 , pp. 177-191
    • Knoerich, J.1
  • 46
    • 0001369248 scopus 로고    scopus 로고
    • Diversification and top management team complementarity: Is performance improved by merging similar or dissimilar teams?
    • Krishnan H.A., Miller A., Judge W.Q. Diversification and top management team complementarity: Is performance improved by merging similar or dissimilar teams?. Strategic Management Journal 1997, 18(5):361-374.
    • (1997) Strategic Management Journal , vol.18 , Issue.5 , pp. 361-374
    • Krishnan, H.A.1    Miller, A.2    Judge, W.Q.3
  • 48
    • 33947726933 scopus 로고    scopus 로고
    • Microeconomic determinants of acquisitions of Eastern European banks by Western European banks
    • Lanine G., Vennet R.V. Microeconomic determinants of acquisitions of Eastern European banks by Western European banks. Economics of Transition 2007, 15(2):285-308.
    • (2007) Economics of Transition , vol.15 , Issue.2 , pp. 285-308
    • Lanine, G.1    Vennet, R.V.2
  • 49
    • 84874451901 scopus 로고    scopus 로고
    • Principal-principal conflicts under weak institutions: A study of corporate takeovers in China
    • Li J.T., Qian C. Principal-principal conflicts under weak institutions: A study of corporate takeovers in China. Strategic Management Journal 2013, 34(4):498-508.
    • (2013) Strategic Management Journal , vol.34 , Issue.4 , pp. 498-508
    • Li, J.T.1    Qian, C.2
  • 50
    • 43549123292 scopus 로고    scopus 로고
    • The search for value: Cross-border bank M&A in emerging markets
    • Liao A., Williams J. The search for value: Cross-border bank M&A in emerging markets. Comparative Economic Studies 2008, 50(2):274-296.
    • (2008) Comparative Economic Studies , vol.50 , Issue.2 , pp. 274-296
    • Liao, A.1    Williams, J.2
  • 51
    • 68249136719 scopus 로고    scopus 로고
    • How do networks and learning drive M&As? An institutional comparison of China and the United States
    • Lin Z., Peng M.W., Yang H., Sun S.L. How do networks and learning drive M&As? An institutional comparison of China and the United States. Strategic Management Journal 2009, 30(10):1113-1132.
    • (2009) Strategic Management Journal , vol.30 , Issue.10 , pp. 1113-1132
    • Lin, Z.1    Peng, M.W.2    Yang, H.3    Sun, S.L.4
  • 52
    • 0008744302 scopus 로고    scopus 로고
    • Do long-term shareholders benefit from corporate acquisitions?
    • Loughran T., Vijh A.M. Do long-term shareholders benefit from corporate acquisitions?. Journal of Finance 1997, 52(5):1765-1790.
    • (1997) Journal of Finance , vol.52 , Issue.5 , pp. 1765-1790
    • Loughran, T.1    Vijh, A.M.2
  • 53
    • 84881368743 scopus 로고    scopus 로고
    • Strategic management in private and family businesses
    • Lu Y., Au K., Peng M.W., Xu E. Strategic management in private and family businesses. Asia Pacific Journal of Management 2013, 30(3):633-639.
    • (2013) Asia Pacific Journal of Management , vol.30 , Issue.3 , pp. 633-639
    • Lu, Y.1    Au, K.2    Peng, M.W.3    Xu, E.4
  • 54
    • 34547331340 scopus 로고    scopus 로고
    • International expansion of emerging market enterprises: A springboard perspective
    • Luo Y., Tung R.L. International expansion of emerging market enterprises: A springboard perspective. Journal of International Business Studies 2007, 38(4):481-498.
    • (2007) Journal of International Business Studies , vol.38 , Issue.4 , pp. 481-498
    • Luo, Y.1    Tung, R.L.2
  • 56
    • 79955485185 scopus 로고    scopus 로고
    • A comparative analysis of the role of national culture on foreign market acquisitions by U.S. firms and firms from emerging countries
    • Malhotra S., Sivakumar K., Zhu P.C. A comparative analysis of the role of national culture on foreign market acquisitions by U.S. firms and firms from emerging countries. Journal of Business Research 2011, 64(7):714-722.
    • (2011) Journal of Business Research , vol.64 , Issue.7 , pp. 714-722
    • Malhotra, S.1    Sivakumar, K.2    Zhu, P.C.3
  • 57
    • 84884283169 scopus 로고    scopus 로고
    • Social network contingency, symbolic management, and boundary stretching
    • Markoczy L., Sun S.L., Peng M.W., Shi W., Ren B. Social network contingency, symbolic management, and boundary stretching. Strategic Management Journal 2013, 34(11):1367-1387.
    • (2013) Strategic Management Journal , vol.34 , Issue.11 , pp. 1367-1387
    • Markoczy, L.1    Sun, S.L.2    Peng, M.W.3    Shi, W.4    Ren, B.5
  • 58
    • 44649094471 scopus 로고    scopus 로고
    • Spillover of corporate governance standards in cross-border mergers and acquisitions
    • Martynova M., Renneboog L. Spillover of corporate governance standards in cross-border mergers and acquisitions. Journal of Corporate Finance 2008, 14(3):200-223.
    • (2008) Journal of Corporate Finance , vol.14 , Issue.3 , pp. 200-223
    • Martynova, M.1    Renneboog, L.2
  • 59
    • 0040566631 scopus 로고
    • On productivity and plant ownership change: New evidence from the Longitudinal Research Database
    • McGuckin R.H., Nguyen S.V. On productivity and plant ownership change: New evidence from the Longitudinal Research Database. Rand Journal of Economics 1995, 26:257-276.
    • (1995) Rand Journal of Economics , vol.26 , pp. 257-276
    • McGuckin, R.H.1    Nguyen, S.V.2
  • 60
    • 42149121444 scopus 로고    scopus 로고
    • The performance implications of participating in an acquisition wave: Early mover advantages, bandwagon effects, and the moderating influence of industry characteristics and acquirer tactics
    • McNamara G.M., Haleblian J., Dykes B.J. The performance implications of participating in an acquisition wave: Early mover advantages, bandwagon effects, and the moderating influence of industry characteristics and acquirer tactics. Academy of Management Journal 2008, 51(1):113-130.
    • (2008) Academy of Management Journal , vol.51 , Issue.1 , pp. 113-130
    • McNamara, G.M.1    Haleblian, J.2    Dykes, B.J.3
  • 61
    • 0036395859 scopus 로고    scopus 로고
    • Management challenges in privatization acquisitions in transition economies
    • Meyer K.E. Management challenges in privatization acquisitions in transition economies. Journal of World Business 2002, 37(4):266-276.
    • (2002) Journal of World Business , vol.37 , Issue.4 , pp. 266-276
    • Meyer, K.E.1
  • 63
  • 64
    • 21244446049 scopus 로고    scopus 로고
    • Probing theoretically into Central and Eastern Europe: Transactions, resources, and institutions
    • Meyer K.E., Peng M.W. Probing theoretically into Central and Eastern Europe: Transactions, resources, and institutions. Journal of International Business Studies 2005, 36(6):600-621.
    • (2005) Journal of International Business Studies , vol.36 , Issue.6 , pp. 600-621
    • Meyer, K.E.1    Peng, M.W.2
  • 65
    • 84887317690 scopus 로고    scopus 로고
    • The dynamics of emerging economy MNEs: How the internationalization process model can guide future research
    • Meyer K.E., Thaijongrak O. The dynamics of emerging economy MNEs: How the internationalization process model can guide future research. Asia Pacific Journal of Management 2013, 30(4):1125-1153.
    • (2013) Asia Pacific Journal of Management , vol.30 , Issue.4 , pp. 1125-1153
    • Meyer, K.E.1    Thaijongrak, O.2
  • 67
    • 84881663367 scopus 로고    scopus 로고
    • The motives and performance of cross-border acquirers from EE: Comparison between Chinese and Indian firms
    • Nicholson R.R., Salaber J. The motives and performance of cross-border acquirers from EE: Comparison between Chinese and Indian firms. International Business Review 2013, 22(6):963-980.
    • (2013) International Business Review , vol.22 , Issue.6 , pp. 963-980
    • Nicholson, R.R.1    Salaber, J.2
  • 68
    • 84887321364 scopus 로고    scopus 로고
    • Business groups and corporate transparency in emerging markets: Empirical evidence from India
    • Pattnaik C., Chang J.J., Shin H.H. Business groups and corporate transparency in emerging markets: Empirical evidence from India. Asia Pacific Journal of Management 2013, 30(4):987-1004.
    • (2013) Asia Pacific Journal of Management , vol.30 , Issue.4 , pp. 987-1004
    • Pattnaik, C.1    Chang, J.J.2    Shin, H.H.3
  • 69
    • 84901366540 scopus 로고    scopus 로고
    • The effect of host country long term orientation on subsidiary ownership and survival
    • Peng G.Z., Beamish P.W. The effect of host country long term orientation on subsidiary ownership and survival. Asia Pacific Journal of Management 2014, 31(2):423-453.
    • (2014) Asia Pacific Journal of Management , vol.31 , Issue.2 , pp. 423-453
    • Peng, G.Z.1    Beamish, P.W.2
  • 70
    • 33846076190 scopus 로고    scopus 로고
    • Making M&A fly in China
    • Peng M.W. Making M&A fly in China. Harvard Business Review 2006, 84(3):26-27.
    • (2006) Harvard Business Review , vol.84 , Issue.3 , pp. 26-27
    • Peng, M.W.1
  • 71
    • 84868214096 scopus 로고    scopus 로고
    • The global strategy of emerging multinationals from China
    • Peng M.W. The global strategy of emerging multinationals from China. Global Strategy Journal 2012, 2(2):97-107.
    • (2012) Global Strategy Journal , vol.2 , Issue.2 , pp. 97-107
    • Peng, M.W.1
  • 72
    • 0030543697 scopus 로고    scopus 로고
    • The growth of the firm in planned economies in transition: Institutions, organizations, and strategic choice
    • Peng M.W., Heath P.S. The growth of the firm in planned economies in transition: Institutions, organizations, and strategic choice. Academy of Management Review 1996, 21(2):492-528.
    • (1996) Academy of Management Review , vol.21 , Issue.2 , pp. 492-528
    • Peng, M.W.1    Heath, P.S.2
  • 73
    • 0034339578 scopus 로고    scopus 로고
    • Managerial ties and firm performance in a transition economy: The nature of a micro-macro link
    • Peng M.W., Luo Y. Managerial ties and firm performance in a transition economy: The nature of a micro-macro link. Academy of Management Journal 2000, 43(3):486-501.
    • (2000) Academy of Management Journal , vol.43 , Issue.3 , pp. 486-501
    • Peng, M.W.1    Luo, Y.2
  • 74
    • 84865106968 scopus 로고    scopus 로고
    • Institution-based weaknesses behind emerging multinationals
    • Peng M.W., Parente R.C. Institution-based weaknesses behind emerging multinationals. Revista de Administracao de Empresas 2012, 52(3):360-364.
    • (2012) Revista de Administracao de Empresas , vol.52 , Issue.3 , pp. 360-364
    • Peng, M.W.1    Parente, R.C.2
  • 75
    • 84888066089 scopus 로고    scopus 로고
    • Cross-listing and the scope of the firm
    • Peng M.W., Su W. Cross-listing and the scope of the firm. Journal of World Business 2014, 49(1):42-50.
    • (2014) Journal of World Business , vol.49 , Issue.1 , pp. 42-50
    • Peng, M.W.1    Su, W.2
  • 76
    • 84916197634 scopus 로고    scopus 로고
    • Human capital and CEO compensation during institutional transitions
    • (press)
    • Peng M.W., Sun S.L., Markoczy L. Human capital and CEO compensation during institutional transitions. Journal of Management Studies 2014, (in press).
    • (2014) Journal of Management Studies
    • Peng, M.W.1    Sun, S.L.2    Markoczy, L.3
  • 77
    • 0000623638 scopus 로고
    • Merger as a response to organizational interdependence
    • Pfeffer J. Merger as a response to organizational interdependence. Administrative Science Quarterly 1972, 17:382-394.
    • (1972) Administrative Science Quarterly , vol.17 , pp. 382-394
    • Pfeffer, J.1
  • 78
    • 77955755154 scopus 로고    scopus 로고
    • Determinants of cross-border bank acquisitions in transition economies
    • Poghosyan T., de Haan J. Determinants of cross-border bank acquisitions in transition economies. Economics of Transition 2010, 18(4):671-696.
    • (2010) Economics of Transition , vol.18 , Issue.4 , pp. 671-696
    • Poghosyan, T.1    de Haan, J.2
  • 79
    • 84864473625 scopus 로고    scopus 로고
    • Acquisitions by EMNCs in developed markets: An organisational learning perspective
    • Rabbiosi L., Elia S., Bertoni F. Acquisitions by EMNCs in developed markets: An organisational learning perspective. Management International Review 2012, 52(2):193-212.
    • (2012) Management International Review , vol.52 , Issue.2 , pp. 193-212
    • Rabbiosi, L.1    Elia, S.2    Bertoni, F.3
  • 80
    • 84858288510 scopus 로고    scopus 로고
    • The performance of frequent acquirers: Evidence from emerging markets
    • Rahahleh A.N., Wei P.P. The performance of frequent acquirers: Evidence from emerging markets. Global Finance Journal 2012, 23(1):16-33.
    • (2012) Global Finance Journal , vol.23 , Issue.1 , pp. 16-33
    • Rahahleh, A.N.1    Wei, P.P.2
  • 81
    • 55749101360 scopus 로고    scopus 로고
    • Privatization, foreign acquisition and the motives for FDI in Eastern Europe
    • Roberts B.M., Thompson S., Mikolajczyk K. Privatization, foreign acquisition and the motives for FDI in Eastern Europe. Review of World Economics 2008, 144(3):408-427.
    • (2008) Review of World Economics , vol.144 , Issue.3 , pp. 408-427
    • Roberts, B.M.1    Thompson, S.2    Mikolajczyk, K.3
  • 83
    • 42049117570 scopus 로고    scopus 로고
    • Foreign acquisitions by Chinese firms: A strategic intent perspective
    • Rui H., Yip G.S. Foreign acquisitions by Chinese firms: A strategic intent perspective. Journal of World Business 2008, 43(2):213-226.
    • (2008) Journal of World Business , vol.43 , Issue.2 , pp. 213-226
    • Rui, H.1    Yip, G.S.2
  • 84
    • 0035534616 scopus 로고    scopus 로고
    • Behavioral responses of CEOs to stock ownership and stock option pay
    • Sanders W.G. Behavioral responses of CEOs to stock ownership and stock option pay. Academy of Management Journal 2001, 44(3):477-492.
    • (2001) Academy of Management Journal , vol.44 , Issue.3 , pp. 477-492
    • Sanders, W.G.1
  • 85
    • 0036783890 scopus 로고    scopus 로고
    • Value creation and destruction in cross-border acquisitions: An empirical analysis of foreign acquisitions of US firms
    • Seth A., Song K.P., Pettit R.R. Value creation and destruction in cross-border acquisitions: An empirical analysis of foreign acquisitions of US firms. Strategic Management Journal 2002, 23(10):921-940.
    • (2002) Strategic Management Journal , vol.23 , Issue.10 , pp. 921-940
    • Seth, A.1    Song, K.P.2    Pettit, R.R.3
  • 86
    • 68349113785 scopus 로고    scopus 로고
    • Are multinational enterprises from the EE global or regional?
    • Sethi D. Are multinational enterprises from the EE global or regional?. European Management Journal 2009, 27(5):356-365.
    • (2009) European Management Journal , vol.27 , Issue.5 , pp. 356-365
    • Sethi, D.1
  • 87
    • 84867470595 scopus 로고    scopus 로고
    • Sub-national institutional contingencies, network positions, and IJV partner selection
    • Shi W.S., Sun S.L., Peng M.W. Sub-national institutional contingencies, network positions, and IJV partner selection. Journal of Management Studies 2012, 49(7):1221-1245.
    • (2012) Journal of Management Studies , vol.49 , Issue.7 , pp. 1221-1245
    • Shi, W.S.1    Sun, S.L.2    Peng, M.W.3
  • 88
    • 84901319568 scopus 로고    scopus 로고
    • Entry mode irreversibility, host market uncertainty, and foreign subsidiary exits
    • Song S. Entry mode irreversibility, host market uncertainty, and foreign subsidiary exits. Asia Pacific Journal of Management 2014, 31(2):455-471.
    • (2014) Asia Pacific Journal of Management , vol.31 , Issue.2 , pp. 455-471
    • Song, S.1
  • 90
    • 84919643092 scopus 로고    scopus 로고
    • Institutional open access at home and outward internationalization
    • Sun S.L., Peng M.W., Lee R.P., Tan W. Institutional open access at home and outward internationalization. Journal of World Business 2015, 50(1):234-246.
    • (2015) Journal of World Business , vol.50 , Issue.1 , pp. 234-246
    • Sun, S.L.1    Peng, M.W.2    Lee, R.P.3    Tan, W.4
  • 91
    • 82755189848 scopus 로고    scopus 로고
    • A comparative ownership advantage framework for cross-border M&As: The rise of Chinese and Indian MNEs
    • Sun S.L., Peng M.W., Ren B., Yan D. A comparative ownership advantage framework for cross-border M&As: The rise of Chinese and Indian MNEs. Journal of World Business 2012, 47(1):4-16.
    • (2012) Journal of World Business , vol.47 , Issue.1 , pp. 4-16
    • Sun, S.L.1    Peng, M.W.2    Ren, B.3    Yan, D.4
  • 92
    • 0032164097 scopus 로고    scopus 로고
    • Privatization from the acquirer's perspective: A mergers and acquisitions based framework
    • Uhlenbruck K., De Castro J. Privatization from the acquirer's perspective: A mergers and acquisitions based framework. Journal of Management Studies 1998, 35(5):619-640.
    • (1998) Journal of Management Studies , vol.35 , Issue.5 , pp. 619-640
    • Uhlenbruck, K.1    De Castro, J.2
  • 93
    • 0034195522 scopus 로고    scopus 로고
    • Foreign acquisitions in Central and Eastern Europe: Outcomes of privatization in transition economies
    • Uhlenbruck K., De Castro J. Foreign acquisitions in Central and Eastern Europe: Outcomes of privatization in transition economies. Academy of Management Journal 2000, 43(3):381-402.
    • (2000) Academy of Management Journal , vol.43 , Issue.3 , pp. 381-402
    • Uhlenbruck, K.1    De Castro, J.2
  • 94
  • 96
    • 84863651209 scopus 로고    scopus 로고
    • The visible hand
    • January 21
    • Wooldridge A. The visible hand. The Economist 2012, January 21:3-5.
    • (2012) The Economist , pp. 3-5
    • Wooldridge, A.1
  • 97
    • 0036217274 scopus 로고    scopus 로고
    • The structure of ownership and corporate acquisition strategies
    • Wright P., Kroll M., Lado A., van Ness B. The structure of ownership and corporate acquisition strategies. Strategic Management Journal 2002, 23(1):41-53.
    • (2002) Strategic Management Journal , vol.23 , Issue.1 , pp. 41-53
    • Wright, P.1    Kroll, M.2    Lado, A.3    van Ness, B.4
  • 98
    • 77955248896 scopus 로고    scopus 로고
    • Determinants of cross-border merger and acquisition performance of Chinese enterprises
    • Wu C., Xie N. Determinants of cross-border merger and acquisition performance of Chinese enterprises. Procedia Social and Behavioral Sciences 2010, 2(5):6896-6905.
    • (2010) Procedia Social and Behavioral Sciences , vol.2 , Issue.5 , pp. 6896-6905
    • Wu, C.1    Xie, N.2
  • 99
    • 34547492720 scopus 로고    scopus 로고
    • When brokers may not work: The cultural contingency of social capital in Chinese high-tech firms
    • Xiao Z., Tsui A.S. When brokers may not work: The cultural contingency of social capital in Chinese high-tech firms. Administrative Science Quarterly 2007, 52(1):1-31.
    • (2007) Administrative Science Quarterly , vol.52 , Issue.1 , pp. 1-31
    • Xiao, Z.1    Tsui, A.S.2
  • 100
    • 72449154599 scopus 로고    scopus 로고
    • A real options perspective on sequential acquisitions in China
    • Xu D., Zhou C., Phan P.H. A real options perspective on sequential acquisitions in China. Journal of International Business Studies 2010, 41(1):166-174.
    • (2010) Journal of International Business Studies , vol.41 , Issue.1 , pp. 166-174
    • Xu, D.1    Zhou, C.2    Phan, P.H.3
  • 102
    • 82255192970 scopus 로고    scopus 로고
    • Behind acquisitions of alliance partners: Exploratory learning and network embeddedness
    • Yang H., Lin Z., Peng M.W. Behind acquisitions of alliance partners: Exploratory learning and network embeddedness. Academy of Management Journal 2011, 54(5):1069-1080.
    • (2011) Academy of Management Journal , vol.54 , Issue.5 , pp. 1069-1080
    • Yang, H.1    Lin, Z.2    Peng, M.W.3
  • 103
    • 79955004773 scopus 로고    scopus 로고
    • Behind M&As in China and the United States: Networks, learning, and institutions
    • Yang H., Sun S.L., Lin Z., Peng M.W. Behind M&As in China and the United States: Networks, learning, and institutions. Asia Pacific Journal of Management 2011, 28(2):239-255.
    • (2011) Asia Pacific Journal of Management , vol.28 , Issue.2 , pp. 239-255
    • Yang, H.1    Sun, S.L.2    Lin, Z.3    Peng, M.W.4
  • 104
    • 84868197213 scopus 로고    scopus 로고
    • Similarity in cross-border mergers and acquisitions: Imitation, uncertainty and experience among Chinese firms, 1985-2006
    • Yang M., Hyland M.A. Similarity in cross-border mergers and acquisitions: Imitation, uncertainty and experience among Chinese firms, 1985-2006. Journal of International Management 2012, 18(4):352-365.
    • (2012) Journal of International Management , vol.18 , Issue.4 , pp. 352-365
    • Yang, M.1    Hyland, M.A.2
  • 105
    • 34548505921 scopus 로고    scopus 로고
    • Corporate governance in emerging economies: A review of the principal-principal perspective
    • Young M.N., Peng M.W., Ahlstrom D., Bruton G.D., Jiang Y. Corporate governance in emerging economies: A review of the principal-principal perspective. Journal of Management Studies 2008, 45(1):196-220.
    • (2008) Journal of Management Studies , vol.45 , Issue.1 , pp. 196-220
    • Young, M.N.1    Peng, M.W.2    Ahlstrom, D.3    Bruton, G.D.4    Jiang, Y.5
  • 107
    • 78751701730 scopus 로고    scopus 로고
    • Partial acquisitions in emerging markets: A test of the strategic market entry and corporate control hypotheses
    • Zhu P., Jog V., Otchere I. Partial acquisitions in emerging markets: A test of the strategic market entry and corporate control hypotheses. Journal of Corporate Finance 2011, 17(2):288-305.
    • (2011) Journal of Corporate Finance , vol.17 , Issue.2 , pp. 288-305
    • Zhu, P.1    Jog, V.2    Otchere, I.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.