Morphing: The Linkage between Inward Private Equity and Outward Venture

Private equity is impacting global economies and competitive landscapes of multinational enterprises (MNEs). In this pioneer research, we first find an important new pattern of globally interfirm connections: the inward private equity investment likes to promote Chinese firms’ outward venture, or an...

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Main Authors: SUN, Sunny Li, Hao LIANG
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2014
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Online Access:https://ink.library.smu.edu.sg/lkcsb_research/4768
https://ink.library.smu.edu.sg/context/lkcsb_research/article/5767/viewcontent/SunLiang_2014_Morphing_PP.pdf
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spelling sg-smu-ink.lkcsb_research-57672018-07-10T05:48:32Z Morphing: The Linkage between Inward Private Equity and Outward Venture SUN, Sunny Li Hao LIANG, Private equity is impacting global economies and competitive landscapes of multinational enterprises (MNEs). In this pioneer research, we first find an important new pattern of globally interfirm connections: the inward private equity investment likes to promote Chinese firms’ outward venture, or an inward-outward linkage. Under this inward-outward linkage, after received investment from private equity, Chinese emerging MNEs are likely to restructure board, rebuild the top management team, reconfiguring resource, reframe the industry structure and alter competitive dynamics, thus, modify their strategies in outward ventures, such as accelerating the internationalization speed, locating more outward ventures in developed economies, and engaging complex entry modes, especially cross-border M&As. We called the emergence of this new species of MNEs as a “morphing” metaphor, with in-depth seven case studies, including Lenovo, Zoomlion, Geely, Alibaba.com, Huawei, NVC lighting, and BYD. 2014-09-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/lkcsb_research/4768 info:doi/10.1002/tie.21633 https://ink.library.smu.edu.sg/context/lkcsb_research/article/5767/viewcontent/SunLiang_2014_Morphing_PP.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection Lee Kong Chian School Of Business eng Institutional Knowledge at Singapore Management University Private equity Internationalization Linkage strategy Organizational form Corporate Finance
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Private equity
Internationalization
Linkage strategy
Organizational form
Corporate Finance
spellingShingle Private equity
Internationalization
Linkage strategy
Organizational form
Corporate Finance
SUN, Sunny Li
Hao LIANG,
Morphing: The Linkage between Inward Private Equity and Outward Venture
description Private equity is impacting global economies and competitive landscapes of multinational enterprises (MNEs). In this pioneer research, we first find an important new pattern of globally interfirm connections: the inward private equity investment likes to promote Chinese firms’ outward venture, or an inward-outward linkage. Under this inward-outward linkage, after received investment from private equity, Chinese emerging MNEs are likely to restructure board, rebuild the top management team, reconfiguring resource, reframe the industry structure and alter competitive dynamics, thus, modify their strategies in outward ventures, such as accelerating the internationalization speed, locating more outward ventures in developed economies, and engaging complex entry modes, especially cross-border M&As. We called the emergence of this new species of MNEs as a “morphing” metaphor, with in-depth seven case studies, including Lenovo, Zoomlion, Geely, Alibaba.com, Huawei, NVC lighting, and BYD.
format text
author SUN, Sunny Li
Hao LIANG,
author_facet SUN, Sunny Li
Hao LIANG,
author_sort SUN, Sunny Li
title Morphing: The Linkage between Inward Private Equity and Outward Venture
title_short Morphing: The Linkage between Inward Private Equity and Outward Venture
title_full Morphing: The Linkage between Inward Private Equity and Outward Venture
title_fullStr Morphing: The Linkage between Inward Private Equity and Outward Venture
title_full_unstemmed Morphing: The Linkage between Inward Private Equity and Outward Venture
title_sort morphing: the linkage between inward private equity and outward venture
publisher Institutional Knowledge at Singapore Management University
publishDate 2014
url https://ink.library.smu.edu.sg/lkcsb_research/4768
https://ink.library.smu.edu.sg/context/lkcsb_research/article/5767/viewcontent/SunLiang_2014_Morphing_PP.pdf
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