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Servitization in mergers and acquisitions: Manufacturing firms venturing from emerging markets into advanced economies

机译:在兼并和收购方面的培训:制造业公司从新兴市场投入到发达经济体

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摘要

We investigate servitization by manufacturing firms that have ventured from emerging markets into advanced economies through mergers and acquisitions (M & A). The study seeks to answer two questions: (a) What is the relationship between M& As and servitization in the case of manufacturing firms? and (b) What are the factors influencing the configuration of servitization strategies and their implementation? The study provides a nuanced and contextualized understanding of servitization in M& As. Existing research on servitization has paid insufficient attention to collaborative partnerships. There is a need to examine the role of servitization in the context of collaborative partnerships. Our empirical setting consists of Chinese manufacturing firms' acquisitions in Germany. Using qualitative research methods, we reveal a typology of servitization strategies - adding, utilizing, and reconfiguring – that underpin the combined influences of different levels of services of both acquirer and target firms in the M& A. We identify integration mode and absorptive capacity as factors influencing service capability development. Our findings contribute to the literature on alternative approaches to servitization by firms from emerging markets venturing into advanced economies. We discuss the theoretical and managerial implications and suggest future research directions for servitization in collaborative partnerships in general and in M& A in particular.
机译:我们通过合并和收购(并购)向新兴市场冒险进入发达经济体的制造公司进行培训。该研究旨在回答两个问题:(a)制造公司的M&AS和Servipization之间的关系是什么? (b)影响伺服化策略配置及其实施的因素是什么?该研究对M&AS的培训提供了细微和上下文的理解。现有培训研究已经支付了对协作伙伴关系的不充分关注。有必要在协作伙伴关系的背景下审查伺服化的作用。我们的经验环境包括中国制造业公司在德国的收购。使用定性研究方法,我们揭示了伺服化策略的类型 - 增加了,利用和重新配置 - 这使得在并购中的不同级别和目标公司的不同级别的综合影响。我们将集成模式和吸收能力确定为因素影响服务能力发展。我们的调查结果有助于替代驾驶方法促进进入发达经济体的新兴市场的备用方法。我们讨论了理论和管理的影响,并建议将来的研究方向一般,特别是在并购中的合作伙伴关系。

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