University of Oulu

Arslan, A., Bazel-Shoham, O., Imes, M. et al. Protectionism and Cross-Border Mergers and Acquisitions Undertaken by US Multinational Enterprises: The Moderating Role of Intellectual Property Rights Protection. Manag Int Rev (2023).

Protectionism and cross-border mergers and acquisitions undertaken by US multinational enterprises : the moderating role of intellectual property rights protection

Saved in:
Author: Arslan, Ahmad1; Bazel-Shoham, Ofra2; Imes, Matthew3;
Organizations: 1Department of Marketing, Management and International Business, Oulu Business School, University of Oulu, Oulu, Finland
2Fox School of Business, Temple University, Philadelphia, USA
3School of Business Administration, Stetson University, DeLand, USA
4Management Division, Great Valley School of Graduate Professional Studies, Pennsylvania State University, Malvern, USA
Format: article
Version: published version
Access: open
Online Access: PDF Full Text (PDF, 0.9 MB)
Persistent link:
Language: English
Published: Springer Nature, 2023
Publish Date: 2023-10-12


This paper examines the impact of protectionism and intellectual property right (IPR) protection in host markets on cross-border mergers and acquisitions (CB M&As). CB M&As have become important vehicles for firms to expand into foreign markets and acquire strategic assets. In recent years, the topic has attracted significant scholarly interest. Recently, many countries have enacted protectionist measures to protect local firms and jobs. Consequently, the impact such measures have on economic activities is under debate in the literature. This study leverages the vital context of CB M&As undertaken by US multinational enterprises (MNEs) between 2011 and 2017 in 49 host countries. The findings indicate that host country IPR protection has a much more substantial and positive impact on CB M&A activities undertaken by USA MNEs than the protectionist policies of the host country by itself. The findings further suggest that, although local protectionism, by itself, does not play a significant role in CB M&As, its presence strengthens the positive effect of IPR protection on CB M&A activities in the host country, thereby supporting the contingent role of such protection. These findings have important implications for research, practice, and policy.

see all

Series: Management international review
ISSN: 0938-8249
ISSN-E: 1861-8901
ISSN-L: 0938-8249
Issue: Latest articles
DOI: 10.1007/s11575-023-00518-0
Type of Publication: A1 Journal article – refereed
Field of Science: 512 Business and management
Copyright information: © The Author(s) 2023. This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit