 Norte o sul/sur? Multilatinas' choice of developed versus developing countries for foreign acquisitionsBarclay E. James and Rajeev J. Sawant Journal of Business Research, 2019, vol. 102, issue C, 235-244 Abstract: We develop novel theory and empirical evidence on multilatinas to understand the determinants of their choice between acquisitions in developed countries (“Northern” acquisitions) and in developing countries (“Southern” acquisitions). We theorize that multilatinas will be more likely to engage in Northern or Southern acquisitions based on distinct firm- and industry-specific characteristics. Our empirical evidence based on a sample of multilatinas from Brazil, Chile and Mexico is largely, but not entirely, consistent with our developed hypotheses. We find higher labor intensity associated with Southern acquisitions. On its own, we do not find research and development (R&D) intensity to be associated with acquisition location choice. However, we find that multilatinas that compete in high-technology (“high-tech”) industries to be more likely to engage in Northern acquisitions. We also find a positive interactive effect on Northern acquisitions between R&D intensity and competing in a high-tech industry. Keywords: Multilatina; Acquisition; Foreign direct investment; Labor intensity; Research and development; High-tech (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:102:y:2019:i:c:p:235-244 DOI: 10.1016/j.jbusres.2017.09.031 Access Statistics for this article Journal of Business Research is currently edited by A. G. Woodside More articles in Journal of Business Research from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.