Dreams Come True?: Navigating the Challenges of Utilizing Knowledge from Advanced Economies in Emerging Market Multinational Enterprises
In recent decades, emerging market multinational enterprises (EMNEs) have aggressively pursued cross-border acquisitions, especially in advanced economies. The international business literature has argued that EMNEs can enhance their firm-specific advantages by acquiring knowledge assets from advanc...
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| Published in: | Korean social science journal (Seoul, Korea ) pp. 23 - 38 |
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| Main Author: | |
| Format: | Journal Article |
| Language: | English |
| Published: |
한국사회과학협의회
01-06-2024
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| Subjects: | |
| Online Access: | Get full text |
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| Summary: | In recent decades, emerging market multinational enterprises (EMNEs) have aggressively pursued cross-border acquisitions, especially in advanced economies. The international business literature has argued that EMNEs can enhance their firm-specific advantages by acquiring knowledge assets from advanced economies. However, this study contends that the acquisition of knowledge assets and their effective utilization by EMNEs are fundamentally distinct. It suggests that EMNEs may encounter three significant challenges when applying the knowledge assets they have gained from cross-border acquisitions in advanced economies: information asymmetry; insufficient absorptive and recombinant capabilities; and organizational inertia. The investigation into these challenges aims to contribute insights to the ongoing theoretical discourse of the literature while offering practical implications for practitioners. KCI Citation Count: 0 |
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| ISSN: | 1225-0368 2196-4424 |