Suchergebnisse

PurposeDespite prior studies on cross-border acquisitions (CBAs) have analyzed the determinants of ownership strategies; there is still a quest for evidence on how the differences between home and host market characteristics affect the ownership percentage. Prior studies have acknowledged that entering host countries with greater uncertainty makes multinationals reluctant to acquire high levels of ownership. Nevertheless, emerging multinationals (EMNEs) are usually used to operating under greater levels of uncertainty than multinationals from advanced countries (AMNEs), which can imply different ownership strategies. The purpose of this study is to analyze the ownership percentage acquired by MNEs when designing a CBA in emerging or in advanced countries, and to analyze the extent to which the ownership strategy in emerging countries differs between EMNEs and AMNEs.Design/methodology/approachMobile telecommunications industry is used as research setting to provide empirical evidence of the interaction effect of the advanced versus emerging nature of the host and home countries on the ownership acquired in CBAs.FindingsResults confirm that both home and host countries' characteristics are relevant in explaining the ownership strategies of MNEs.Originality/valueThe authors contribute to the strategy and IB literatures by providing empirical evidence on the recent debate on whether the internationalization strategies followed by EMNEs are similar to the traditional patterns of AMNEs, and analyze how EMNEs differ from AMNEs in their ownership strategies in emerging countries. Focusing in the mobile telecommunications industry, the authors also contribute by extending the analysis to an international and cross-cultural setting that includes 48 mobile groups that come from 35 home and 81 host countries.

AbstractEuropean Union (EU) governments are placing intensified stress on both the development of the circular economy (CE) and digital performance. In spite of the strategic and economic relevance of these two scientific fields, there is a lack of evidence regarding their mutual effects and implications. We tackle this gap by analysing how digitalization favours the path towards the CE across EU member states. Firstly, a cluster analysis was conducted to identify groups of EU countries depending on circular behaviour, resulting in the Generators, Recyclers, Achievers, Innovators classification. Subsequently, an analysis of variance was performed to examine how the groups were influenced by the different contexts of digitization. This has allowed us to detect that the digitalization variables of human capital, integration of digital technology and digital public services, are key drivers of variability in the CE. Moreover, we have found that countries with similar circular behaviour share similar levels of digitalization variables.