Document Type

Article

Publication Date

6-12-2014

Publication Title

Journal of International Business Studies

Volume

45

Issue

8

First Page

961

Last Page

979

Abstract

We develop a resource security theory by examining the intent of acquisitions of scarce resources by multinational firms. Results suggest that owners of firms can shape the intent of resource acquisitions. Specifically, state owned enterprises (SOEs) tend to acquire and pay more for resources for exploration rather than exploitation. This is because SOEs’ owners —governments— are most concerned with securing their country’s future. We contribute to the literature by suggesting that ownership influences resource acquisitions, that resource security is of importance to multinational enterprises, and that SOEs invest abroad to safeguard both their own and their home countries’ future.

Comments

This final, published version of the article can be found here: https://doi.org/10.1057/jibs.2014.28

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