title: Foreign Investment Motives of Russian Acquirers: An Extended OLI Perspective
metadata.name: dc.contributor.author
metadata.value: Panibratov, Andrei Yu.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Dikova, Desislava
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Veselova, Anna S.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2017-11-01T09:58:08Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2017-11-01T09:58:08Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2016
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/8686
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: We apply the OLI framework to examine investment motives and internalization preferences of Russian multinationals in 2007-2013. To examine investment motives we use panel data of 322 observations; to test internalization choice we use cross-sectional data of 318 M&A deals. Our analysis shows that classic investment motives - market, resource, asset-seeking - provide a limited explanation of what attracts Russian acquirers abroad. We extend the OLI-model to include institutional distance and find that it plays a critical role in explaining Russian M&A activity. We employ a specific ownership advantage, government ownership, and discover that partial government ownership discourages Russian firms from pursuing full ownership in M&As. Further, Russian multinationals benefit from internalization advantages in tandem with location advantages derived from natural-resource endowments.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: en
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St. Petersburg University Graduate School of Management
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: GSOM Emerging Markets Conference 2016;pp. 284-287
metadata.lang: -
metadata.name: dc.subject
metadata.value: internationalization
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: foreign direct investments
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: FDI
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: invesments
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: Russia
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: OLI
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: OLI-model
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: M&A
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: M&A activity
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Foreign Investment Motives of Russian Acquirers: An Extended OLI Perspective
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Other
metadata.lang: en_GB