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Who Jumps From Spring Board First? An Empirical Analysis of Cross-Border M&A Waves of Indian Firms

, Ashutosh Kumar Sinha
Published in Academy of Management
2018
Volume: 2013
   
Issue: 1
Abstract

Emerging economy firms companies are using higher entry modes in their pursuits of internationalization. This indeed has received immense attention by scholars across the globe; however not much is known about their timing aspects in this inorganic mode of international expansion. To that end, we seek to investigate firm level determinants which differentiate early movers from followers in the ‘spring-board' approach. Integrating temporal perspectives of strategy with the motives of emerging market cross-border acquisitions, we center our research on cross-border mergers & acquisition waves. We tested our hypotheses using data of Indian context in a span of eleven years (2001-2011) and our empirical results suggest that firms possessing prior international experience, market power and affiliation with business group are more likely to be first movers in a cross border M&A wave

About the journal
JournalAcademy of Management Proceedings
PublisherAcademy of Management
ISSN0065-0668
Open AccessNo