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Strategic Asset Seeking and Innovation Performance: The Role of Innovation Capabilities and Host Country Institutions

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Department of Business Strategy and Innovation, Griffith Business School, Griffith University, Brisbane, QLD 4111, Australia
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Department of Computer Science and Engineering, School of Sciences, European University Cyprus, Nicosia 1516, Cyprus
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Center for Research and Innovation in Business Sciences and Information Systems, Polytechnic Institute of Porto, 4610-156 Felgueiras, Portugal
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Rattanakosin International College of Creative Entrepreneurship, Rajamangala University of Technology Rattanakosin, Nakhon Pathom 73170, Thailand
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Discipline of International Business, University of Sydney, Sydney, NSW 2006, Australia
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School of Management, Massey Business School, Massey University, Albany 0632, New Zealand
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Author to whom correspondence should be addressed.
J. Risk Financial Manag. 2020, 13(3), 42; https://doi.org/10.3390/jrfm13030042
Received: 5 February 2020 / Revised: 24 February 2020 / Accepted: 28 February 2020 / Published: 2 March 2020
(This article belongs to the Section Financial Technology and Innovation)
Peering through the lenses of the strategic intent perspective and strategic fit paradigm, in this study, we seek to examine the contingent conditions under which emerging market multinational enterprises (EMNEs) with strategic asset seeking (SAS) intent can achieve improved innovation performance. We developed a contingency model of how the relationship between SAS intent and innovation performance is contingent on the moderating effects of firms’ innovation capability and institutional quality in the host country, as well as on the synergistic interaction of independent moderating effects from these two factors. We combined survey data from 320 Chinese MNEs with archival data to test our hypotheses. Our results show that SAS intent can lead to positive innovation performance when (a) the investing firm has developed high levels of innovation capability, and (b) synergistic interactions exist between institutional quality and firms’ innovation capability regarding their moderating effect on the SAS intent-innovation performance link. View Full-Text
Keywords: strategic asset seeking intent; foreign direct investment; innovation performance; strategic fit; emerging market multinational enterprises strategic asset seeking intent; foreign direct investment; innovation performance; strategic fit; emerging market multinational enterprises
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Mi, L.; Yue, X.-G.; Shao, X.-F.; Kang, Y.; Liu, Y. Strategic Asset Seeking and Innovation Performance: The Role of Innovation Capabilities and Host Country Institutions. J. Risk Financial Manag. 2020, 13, 42.

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