Stepping out of the comfort zone? An examination of regional orientation in emerging-economy MNEs’ cross-border M&As

Research output: Chapter in Book/Report/Conference proceedingChapter



Publication details

Title of host publicationThe Routledge Companion to the Geography of International Business
DateAccepted/In press - 23 Aug 2017
DatePublished (current) - 6 Apr 2018
Number of pages17
EditorsGary Cook, Jennifer Johns, Frank McDonald, Jonathan Beaverstock, Naresh Pandit
Original languageEnglish
ISBN (Print)9781138953345


This study investigates regional orientation of emerging-economy MNEs (EMNEs) conducting cross-border M&As (CBMAs) in developed economies. Based on institutional theory, we argue that EMNEs’ locational choice for CBMAs is a nested decision involving the consideration of both regional- and country-specific institutional factors. Empirical evidence reveals that EMNEs are more likely to undertake CBMAs outside the home region if the overall institutional environment of the host region is better relative to the home region. Though the development level of a platform country’s institution relative to the regional institution makes no difference to an EMNE’s locational decision of choosing home or non-home region, we find that inter-firm mimetic force within a platform country complements regional institutional effects.

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