The role of experiential and non-experiential knowledge in cross-border acquisitions: The case of Indian multinational enterprises

Peter J. Buckley, Surender Munjal, Peter Enderwick and Nicolas Forsans

Journal of World Business, 2016, vol. 51, issue 5, 675-685

Abstract: This paper investigates the antecedents of the internationalization of emerging economy multinational enterprises (EMNEs) through cross-border acquisitions. Using a panel data set of 1138 cross-border acquisitions made by 515 Indian multinational enterprises (MNEs) during 2000–2013, it examines interactions of in-house resources with experiential and non-experiential knowledge to explore how EMNEs manage and exploit their knowledge base when internationalizing. The results show that Indian multinational enterprises have ‘interface competence’. They combine in-house resources with experiential market and externally sourced technological knowledge for undertaking cross-border acquisitions. The Uppsala model provides insights in analyzing the role of market knowledge and the Global Factory model helps in analyzing the role of technology in cross-border acquisitions by EMNEs.

Keywords: Cross-border acquisitions; Experiential and non-experiential knowledge; Resources; Learning; Emerging market multinational enterprises; Internationalization (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (31)

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DOI: 10.1016/j.jwb.2016.07.006

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