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    Rights statement: This is the author’s version of a work that was accepted for publication in International Business Review. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in International Business Review, 30, 3, 2021 DOI: 10.1016/j.ibusrev.2020.101790

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Linking inward/outward FDI and exploitation/exploration strategies: Development of a framework for SMEs

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Published

Standard

Linking inward/outward FDI and exploitation/exploration strategies: Development of a framework for SMEs. / Kang, Y.; Scott-Kennel, J.; Battisti, M. et al.
In: International Business Review, Vol. 30, No. 3, 101790, 30.06.2021.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Kang, Y, Scott-Kennel, J, Battisti, M & Deakins, D 2021, 'Linking inward/outward FDI and exploitation/exploration strategies: Development of a framework for SMEs', International Business Review, vol. 30, no. 3, 101790. https://doi.org/10.1016/j.ibusrev.2020.101790

APA

Kang, Y., Scott-Kennel, J., Battisti, M., & Deakins, D. (2021). Linking inward/outward FDI and exploitation/exploration strategies: Development of a framework for SMEs. International Business Review, 30(3), Article 101790. https://doi.org/10.1016/j.ibusrev.2020.101790

Vancouver

Kang Y, Scott-Kennel J, Battisti M, Deakins D. Linking inward/outward FDI and exploitation/exploration strategies: Development of a framework for SMEs. International Business Review. 2021 Jun 30;30(3):101790. Epub 2020 Dec 22. doi: 10.1016/j.ibusrev.2020.101790

Author

Kang, Y. ; Scott-Kennel, J. ; Battisti, M. et al. / Linking inward/outward FDI and exploitation/exploration strategies : Development of a framework for SMEs. In: International Business Review. 2021 ; Vol. 30, No. 3.

Bibtex

@article{2222dc8bfe1644eaba26f5d5b64ace5c,
title = "Linking inward/outward FDI and exploitation/exploration strategies: Development of a framework for SMEs",
abstract = "The purpose of this paper is to examine the relationships between exploitation/exploration strategy and foreign direct investment (FDI) involving small and medium-sized enterprises (SMEs). Drawing on qualitative data collected from 45 FDI projects reported by 38 SMEs in a small open economy (SMOPEC), we develop an empirically grounded framework and research propositions that suggest inward FDI (into the SME) is associated with exploration driven by a strategic asset-seeking motive, and outward FDI (by the SME) is associated with exploitation driven by market and efficiency-seeking motives. Further, for the SMEs in this study, ambidextrous exploration and exploitation appear complementary and co-occur either simultaneously through an inward FDI project, or sequentially through separate inward and outward FDI projects, respectively. Our findings, however, reveal a lack of clear sequencing between inward and outward FDI, in contrast to previous research that has conceptualised inward FDI as a strategic means to achieve outward FDI. Implications for theory, practice and policy are discussed. ",
keywords = "Exploitation, Exploration, Inward/outward foreign direct investment, Motives, Small and medium-sized enterprises",
author = "Y. Kang and J. Scott-Kennel and M. Battisti and D. Deakins",
note = "This is the author{\textquoteright}s version of a work that was accepted for publication in International Business Review. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in International Business Review, 30, 3, 2021 DOI: 10.1016/j.ibusrev.2020.101790",
year = "2021",
month = jun,
day = "30",
doi = "10.1016/j.ibusrev.2020.101790",
language = "English",
volume = "30",
journal = "International Business Review",
issn = "0969-5931",
publisher = "Elsevier Limited",
number = "3",

}

RIS

TY - JOUR

T1 - Linking inward/outward FDI and exploitation/exploration strategies

T2 - Development of a framework for SMEs

AU - Kang, Y.

AU - Scott-Kennel, J.

AU - Battisti, M.

AU - Deakins, D.

N1 - This is the author’s version of a work that was accepted for publication in International Business Review. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in International Business Review, 30, 3, 2021 DOI: 10.1016/j.ibusrev.2020.101790

PY - 2021/6/30

Y1 - 2021/6/30

N2 - The purpose of this paper is to examine the relationships between exploitation/exploration strategy and foreign direct investment (FDI) involving small and medium-sized enterprises (SMEs). Drawing on qualitative data collected from 45 FDI projects reported by 38 SMEs in a small open economy (SMOPEC), we develop an empirically grounded framework and research propositions that suggest inward FDI (into the SME) is associated with exploration driven by a strategic asset-seeking motive, and outward FDI (by the SME) is associated with exploitation driven by market and efficiency-seeking motives. Further, for the SMEs in this study, ambidextrous exploration and exploitation appear complementary and co-occur either simultaneously through an inward FDI project, or sequentially through separate inward and outward FDI projects, respectively. Our findings, however, reveal a lack of clear sequencing between inward and outward FDI, in contrast to previous research that has conceptualised inward FDI as a strategic means to achieve outward FDI. Implications for theory, practice and policy are discussed.

AB - The purpose of this paper is to examine the relationships between exploitation/exploration strategy and foreign direct investment (FDI) involving small and medium-sized enterprises (SMEs). Drawing on qualitative data collected from 45 FDI projects reported by 38 SMEs in a small open economy (SMOPEC), we develop an empirically grounded framework and research propositions that suggest inward FDI (into the SME) is associated with exploration driven by a strategic asset-seeking motive, and outward FDI (by the SME) is associated with exploitation driven by market and efficiency-seeking motives. Further, for the SMEs in this study, ambidextrous exploration and exploitation appear complementary and co-occur either simultaneously through an inward FDI project, or sequentially through separate inward and outward FDI projects, respectively. Our findings, however, reveal a lack of clear sequencing between inward and outward FDI, in contrast to previous research that has conceptualised inward FDI as a strategic means to achieve outward FDI. Implications for theory, practice and policy are discussed.

KW - Exploitation

KW - Exploration

KW - Inward/outward foreign direct investment

KW - Motives

KW - Small and medium-sized enterprises

U2 - 10.1016/j.ibusrev.2020.101790

DO - 10.1016/j.ibusrev.2020.101790

M3 - Journal article

VL - 30

JO - International Business Review

JF - International Business Review

SN - 0969-5931

IS - 3

M1 - 101790

ER -