Uncovering neglected success factors in post-acquisition reverse capability transfer: Evidence from Chinese multinational corporations in Europe

Qi Ai and Hui Tan

Journal of World Business, 2020, vol. 55, issue 3

Abstract: Based on empirical evidence of four Chinese firms’ outward mergers and acquisitions (M&As) to European countries, this paper examines previously neglected key success factors in post-acquisition reverse capability transfer. We identified three such factors: home-country advantage, motivation-oriented complementary resources, and acquirers’ attractiveness, and argue that post-acquisition capability transfer is affected by not only the process factors that occur during the post-acquisition phase but also by pre-acquisition status factors. In this way, the paper enriches the process perspective of M&A, thereby contributing to the international M&A literature and to studies of multinational corporations (MNCs) from emerging economies.

Keywords: Mergers and acquisitions; Post-acquisition process; Emerging economies; Reverse capability transfer; Emerging-market multinational corporations; China (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (22)

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DOI: 10.1016/j.jwb.2019.101053

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