The Impacts of Transaction Costs and Institutions on Entry Mode Choices: Evidence from Emerging Market Firms

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dc.contributor.advisor Ang, S en Liu, Yang en 2014-02-16T19:41:07Z en 2013 en
dc.identifier.uri en
dc.description Full text is available to authenticated members of The University of Auckland only. en
dc.description.abstract This study investigates how transaction cost and institutional variables influence emerging economy (EE) firms’ entry mode choices between acquisitions and alliances. It also considers how these decisions differ in the context of entering developed and emerging countries. Using data from 501 cross-border acquisitions and alliances conducted by firms from the six EEs between 1995 and 2008, this study finds evidence to support that asset specificity is positively associated with acquisitions as the entry modes while external uncertainty is positively related to the utilisation of alliances. It also provides support to the positive relationship between regulatory distance (normative distance) and the likelihood of conducting acquisitions. Additionally, when multinational enterprises (MNEs) enter developed economy (DE) and EE countries, the effects of asset specificity, external uncertainty, regulatory distance and normative distance are different. When entering a DE market, asset specificity and normative distance have stronger effects in determining entry modes while in an EE market, external uncertainty and regulatory distance are more influential in entry mode decisions. These findings have important theoretical implications for the significance of both the transaction cost perspective and the institutional perspective in explaining EE firms’ entry mode strategies. This study also sheds light on managerial decisions that take transaction cost and institutional variables into consideration. en
dc.publisher ResearchSpace@Auckland en
dc.relation.ispartof Masters Thesis - University of Auckland en
dc.rights Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. en
dc.rights Restricted Item. Available to authenticated members of The University of Auckland. en
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dc.rights.uri en
dc.title The Impacts of Transaction Costs and Institutions on Entry Mode Choices: Evidence from Emerging Market Firms en
dc.type Thesis en The University of Auckland en Masters en
dc.rights.holder Copyright: The Author en
pubs.elements-id 426953 en
pubs.record-created-at-source-date 2014-02-17 en

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