A Study of the Process of Overcoming Source Country Disadvantages through Legalization Strategies - A Case Study of Cross-Border M&A of Emerging Economy Firms Based on Event System Theory

Xiaolu Zheng ； Xiaoyan Zhang

《Frontiers in Economics and Management》 2卷1期 (2021/01) Pp. 249-265

https://doi.org/10.6981/FEM.202101_2(1).0035

摘要

Based on event system theory, this paper takes the development process of Geely after its acquisition of Volvo for ten years as a case study to investigate how emerging economy enterprises overcome source country disadvantages after their cross-border acquisitions of developed country enterprises. The study finds that the legitimization strategy of emerging economy enterprises based on event system theory overcomes source country disadvantages mechanism, and overcomes institutional source country disadvantages first, and then institutional dimension and product dimension source country disadvantages in parallel. Later on, innovation and technology strength is used as the core competitiveness to achieve the strategic goal of globalization.

關鍵字

Cross-Border M&A ； Source Country Disadvantage ； Legalization Strategy ； Globalization ； Event System Theory

參考文獻

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