Technology-acquiring cross-border M&As by emerging market firms: role of bilateral trade openness

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dc.contributor.authorYoon, Hyungseok (David)ko
dc.contributor.authorLee, Joosung J.ko
dc.date.accessioned2016-03-07T01:23:32Z-
dc.date.available2016-03-07T01:23:32Z-
dc.date.created2016-03-02-
dc.date.created2016-03-02-
dc.date.issued2016-03-
dc.identifier.citationTECHNOLOGY ANALYSIS & STRATEGIC MANAGEMENT, v.28, no.3, pp.251 - 265-
dc.identifier.issn0953-7325-
dc.identifier.urihttp://hdl.handle.net/10203/202370-
dc.description.abstractThis paper investigates the role of bilateral trade openness in technology-acquiring cross-border mergers and acquisitions (M&As) by emerging market firms (EMFs). The cross-border M&A, patents, and financial data from January 2000 to December 2013 have been utilised for empirical analyses. By analysing cumulative abnormal returns of the acquirer EMFs from Brazil, Russia, China, India, and Mexico, the value-creating nature of technology-acquiring cross-border M&As has been confirmed. In addition, the number of the patents owned by the target firms showed a positive and significant effect on the stock performance of cross-border acquirers. Finally, the bilateral trade openness significantly and positively moderated the relation between the innovation capability of the target firms and EMFs' stock performance.-
dc.languageEnglish-
dc.publisherROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD-
dc.subjectECONOMIC NATIONALISM-
dc.subjectVALUE CREATION-
dc.subjectACQUISITIONS-
dc.subjectMERGERS-
dc.subjectPERFORMANCE-
dc.subjectDETERMINANTS-
dc.subjectINNOVATION-
dc.subjectENVIRONMENT-
dc.subjectCOMPLETION-
dc.subjectCOMPANIES-
dc.titleTechnology-acquiring cross-border M&As by emerging market firms: role of bilateral trade openness-
dc.typeArticle-
dc.identifier.wosid000369500500001-
dc.identifier.scopusid2-s2.0-84956675526-
dc.type.rimsART-
dc.citation.volume28-
dc.citation.issue3-
dc.citation.beginningpage251-
dc.citation.endingpage265-
dc.citation.publicationnameTECHNOLOGY ANALYSIS & STRATEGIC MANAGEMENT-
dc.identifier.doi10.1080/09537325.2015.1093618-
dc.contributor.localauthorLee, Joosung J.-
dc.contributor.nonIdAuthorYoon, Hyungseok (David)-
dc.type.journalArticleArticle-
dc.subject.keywordAuthorEmerging market firms-
dc.subject.keywordAuthortechnology acquisition-
dc.subject.keywordAuthorcross-border M&amp-
dc.subject.keywordAuthorA-
dc.subject.keywordAuthorinstitution-
dc.subject.keywordPlusECONOMIC NATIONALISM-
dc.subject.keywordPlusVALUE CREATION-
dc.subject.keywordPlusACQUISITIONS-
dc.subject.keywordPlusMERGERS-
dc.subject.keywordPlusPERFORMANCE-
dc.subject.keywordPlusDETERMINANTS-
dc.subject.keywordPlusINNOVATION-
dc.subject.keywordPlusENVIRONMENT-
dc.subject.keywordPlusCOMPLETION-
dc.subject.keywordPlusCOMPANIES-
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