Document Type

Article

Publication Date

2014

Publication Title

Journal of International Business Studies

Volume

45

Issue

8

First Page

961

Last Page

979

Abstract

We develop a resource security perspective by examining the resources that multinational firms acquire when investing abroad. Firms can acquire resources to increase power and decrease dependence for long-term security (exploration) or acquire resources for relatively shorter-term gains and consumption (exploitation). We find state owned enterprises (SOEs) acquire resources for exploration, and pay more for these resources than non-state owned enterprises (NSOEs). We contribute to the literature by suggesting that long-term resource security is of immediate importance to SOEs and their home countries, that ownership influences resource acquisitions, and investments can be a safeguard for the SOE’s home country’s future.

Comments

This is a post-peer-review, pre-copyedit version of an article published in Journal of International Business Studies. The definitive publisher-authenticated version Bass, A. E., & Chakrabarty, S. (2014). Resource security: Competition for global resources, strategic intent, and governments as owners. Journal of International Business Studies, 45(8), 961-979 is available online at: http://www.palgrave-journals.com/jibs/journal/v45/n8/abs/jibs201428a.html.