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Strategic Asset Seeking and Innovation Performance: The Role of Innovation Capabilities and Host Country Institutions

Lili Mi (), Xiaoguang Yue (), Xue-Feng Shao (), Yuanfei Kang () and Yulong Liu ()
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Lili Mi: Department of Business Strategy and Innovation, Griffith Business School, Griffith University, Brisbane, QLD 4111, Australia
Xue-Feng Shao: Discipline of International Business, University of Sydney, Sydney, NSW 2006, Australia
Yuanfei Kang: School of Management, Massey Business School, Massey University, Albany 0632, New Zealand
Yulong Liu: School of Management, Massey Business School, Massey University, Albany 0632, New Zealand

JRFM, 2020, vol. 13, issue 3, 1-22

Abstract: Peering through the lenses of the strategic intent perspective and strategic fit paradigm, in this study, we seek to examine the contingent conditions under which emerging market multinational enterprises (EMNEs) with strategic asset seeking (SAS) intent can achieve improved innovation performance. We developed a contingency model of how the relationship between SAS intent and innovation performance is contingent on the moderating effects of firms’ innovation capability and institutional quality in the host country, as well as on the synergistic interaction of independent moderating effects from these two factors. We combined survey data from 320 Chinese MNEs with archival data to test our hypotheses. Our results show that SAS intent can lead to positive innovation performance when (a) the investing firm has developed high levels of innovation capability, and (b) synergistic interactions exist between institutional quality and firms’ innovation capability regarding their moderating effect on the SAS intent-innovation performance link.

Keywords: strategic asset seeking intent; foreign direct investment; innovation performance; strategic fit; emerging market multinational enterprises (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2020
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