lnu.sePublications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Determinants of equity changes in partial acquisitions of Finnish multinationals in foreign markets
Univ Vaasa, Finland.
Linnaeus University, School of Business and Economics, Department of Marketing.ORCID iD: 0000-0001-5182-5203
Univ Vaasa, Finland.
2019 (English)In: Baltic Journal of Management, ISSN 1746-5265, E-ISSN 1746-5273, Vol. 14, no 2, p. 268-290Article in journal (Refereed) Published
Abstract [en]

Purpose When entering foreign markets, multinationals can acquire part of a foreign firm and can increase or decrease their equity stake over time. However, extant studies have mainly focused on equity stake acquired during initial market entry. The paper aims to discuss this issue. Design/methodology/approach This study fills this gap by using the Uppsala model to analyze six cases of international acquisitions of Finnish multinationals in global markets. Findings The authors found that firms change their equity stake in partially acquired foreign subsidiaries: when they have learned about the host country and businesses of the partially acquired firms, when they have gained target-specific experience, when they build trust and ensure relationship commitment and finally, when they jointly develop and exploit opportunities. Originality/value This study is one of the first to apply the Uppsala model to empirically analyze international acquisitions, thus paving the way for behavioral and process-oriented approaches. The study contributes to knowledge of post-entry strategies of multinationals.

Place, publisher, year, edition, pages
Emerald Group Publishing Limited, 2019. Vol. 14, no 2, p. 268-290
Keywords [en]
Equity changes, Internationalization process, Partial acquisition, Post-market entry, Staged acquisition
National Category
Economics and Business
Research subject
Economy, Marketing
Identifiers
URN: urn:nbn:se:lnu:diva-81396DOI: 10.1108/BJM-05-2018-0179ISI: 000461490200006Scopus ID: 2-s2.0-85063255398OAI: oai:DiVA.org:lnu-81396DiVA, id: diva2:1300780
Available from: 2019-03-29 Created: 2019-03-29 Last updated: 2019-08-29Bibliographically approved

Open Access in DiVA

No full text in DiVA

Other links

Publisher's full textScopus

Authority records BETA

Owusu, Richard A.

Search in DiVA

By author/editor
Owusu, Richard A.
By organisation
Department of Marketing
In the same journal
Baltic Journal of Management
Economics and Business

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 10 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf