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Title: | Exploratory and exploitative OFDI from emerging markets : impacts on firm performance | Authors: | Tang, Q Gu, FF Xie, E Wu, Z |
Issue Date: | Apr-2020 | Source: | International business review, Apr. 2020, v. 29, no. 2, 101661 | Abstract: | This study identifies exploratory and exploitative OFDI as two distinct approaches for emerging market (EM) firms to overcome their liability of foreignness in overseas markets. It assesses the performance impacts of both types of OFDI through investigating three sets of questions. (1) What are the differential impacts of exploratory and exploitative OFDI, and how long do they persist? (2) How do industry factors in the home country, including technological turbulence and competitive intensity, moderate these effects? And (3) how can firms balance these two types of OFDI across time? Based on multi-sourced data of 766 Chinese firms during 2008–2015, the results show that both types of OFDI promote performance, yet the positive effect of exploratory OFDI lasts longer than that of exploitative OFDI. Moreover, technological turbulence strengthens the effect of exploratory OFDI and weakens that of exploitative OFDI, but competitive intensity strengthens the effect of exploitative OFDI only. Finally, sequential ambidexterity improves firm performance through exploratory‒exploitative OFDI process. | Keywords: | Competitive intensity Emerging market (EM) Exploitative OFDI Exploratory OFDI Sequential ambidexterity Technological turbulence |
Publisher: | Pergamon Press | Journal: | International business review | ISSN: | 0969-5931 | DOI: | 10.1016/j.ibusrev.2019.101661 | Rights: | © 2020 Elsevier Ltd. All rights reserved. © 2020. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/. The following publication Tang, Q., Gu, F. F., Xie, E., & Wu, Z. (2020). Exploratory and exploitative OFDI from emerging markets: impacts on firm performance. International Business Review, 29(2), 101661 is available at https://doi.org/10.1016/j.ibusrev.2019.101661. |
Appears in Collections: | Journal/Magazine Article |
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