Strategic asset-seeking acquisitions, technological gaps, and innovation performance of Chinese multinationals

Yanze Liang; Axele Giroud; Asmund Rygh

doi:10.1016/j.jwb.2022.101325

Strategic asset-seeking acquisitions, technological gaps, and innovation performance of Chinese multinationals

Research output: Contribution to journal › Article › peer-review

Abstract

We investigate the impact of acquiring similar or complementary technologies on the innovation performance of Chinese multinationals’ strategic asset-seeking M&As in the EU, and whether such impact is contingent upon firm-level and region-level technological gaps. Results show that technological complementarity enhances Chinese multinationals’ innovation performance. Firm-level technological gaps have a positive moderating effect for both complementary and similar technologies. Region-level gaps enhance innovation when Chinese firms acquire similar technologies, but they undermine the positive impact of technological complementarity on innovation performance. We advance understanding of Chinese MNEs’ learning scope and strategic intents in their strategic asset-seeking M&As.

Original language	English
Article number	101325
Journal	Journal of World Business
Volume	57
Issue number	4
Early online date	26 Feb 2022
DOIs	https://doi.org/10.1016/j.jwb.2022.101325
Publication status	Published - 1 Jun 2022

Keywords

Chinese multinationals
Complementarity
Innovation performance
Regional innovation
Similarity
Strategic asset-seeking M&As
Technological gaps

Access to Document

10.1016/j.jwb.2022.101325

Cite this

@article{1f523bc562d74634950ca74b1c76477e,

title = "Strategic asset-seeking acquisitions, technological gaps, and innovation performance of Chinese multinationals",

abstract = "We investigate the impact of acquiring similar or complementary technologies on the innovation performance of Chinese multinationals{\textquoteright} strategic asset-seeking M&As in the EU, and whether such impact is contingent upon firm-level and region-level technological gaps. Results show that technological complementarity enhances Chinese multinationals{\textquoteright} innovation performance. Firm-level technological gaps have a positive moderating effect for both complementary and similar technologies. Region-level gaps enhance innovation when Chinese firms acquire similar technologies, but they undermine the positive impact of technological complementarity on innovation performance. We advance understanding of Chinese MNEs{\textquoteright} learning scope and strategic intents in their strategic asset-seeking M&As.",

keywords = "Chinese multinationals, Complementarity, Innovation performance, Regional innovation, Similarity, Strategic asset-seeking M&As, Technological gaps",

author = "Yanze Liang and Axele Giroud and Asmund Rygh",

note = "Publisher Copyright: {\textcopyright} 2022",

year = "2022",

month = jun,

day = "1",

doi = "10.1016/j.jwb.2022.101325",

language = "English",

volume = "57",

journal = "Journal of World Business",

issn = "1878-5573",

publisher = "Elsevier BV",

number = "4",

}

TY - JOUR

T1 - Strategic asset-seeking acquisitions, technological gaps, and innovation performance of Chinese multinationals

AU - Liang, Yanze

AU - Giroud, Axele

AU - Rygh, Asmund

PY - 2022/6/1

Y1 - 2022/6/1

N2 - We investigate the impact of acquiring similar or complementary technologies on the innovation performance of Chinese multinationals’ strategic asset-seeking M&As in the EU, and whether such impact is contingent upon firm-level and region-level technological gaps. Results show that technological complementarity enhances Chinese multinationals’ innovation performance. Firm-level technological gaps have a positive moderating effect for both complementary and similar technologies. Region-level gaps enhance innovation when Chinese firms acquire similar technologies, but they undermine the positive impact of technological complementarity on innovation performance. We advance understanding of Chinese MNEs’ learning scope and strategic intents in their strategic asset-seeking M&As.

AB - We investigate the impact of acquiring similar or complementary technologies on the innovation performance of Chinese multinationals’ strategic asset-seeking M&As in the EU, and whether such impact is contingent upon firm-level and region-level technological gaps. Results show that technological complementarity enhances Chinese multinationals’ innovation performance. Firm-level technological gaps have a positive moderating effect for both complementary and similar technologies. Region-level gaps enhance innovation when Chinese firms acquire similar technologies, but they undermine the positive impact of technological complementarity on innovation performance. We advance understanding of Chinese MNEs’ learning scope and strategic intents in their strategic asset-seeking M&As.

KW - Chinese multinationals

KW - Complementarity

KW - Innovation performance

KW - Regional innovation

KW - Similarity

KW - Strategic asset-seeking M&As

KW - Technological gaps

UR - http://www.scopus.com/inward/record.url?scp=85125270510&partnerID=8YFLogxK

U2 - 10.1016/j.jwb.2022.101325

DO - 10.1016/j.jwb.2022.101325

M3 - Article

SN - 1878-5573

VL - 57

JO - Journal of World Business

JF - Journal of World Business

IS - 4

M1 - 101325

ER -

Strategic asset-seeking acquisitions, technological gaps, and innovation performance of Chinese multinationals

Abstract

Keywords

Access to Document

Other files and links

Fingerprint

Cite this