“…We further comprehend the previous studies on definite strategies such as diversification, turnaround, and foreign market entry modes (e.g., Bruton et al, 2003;Chakrabarti et al, 2007;Hennart and Reddy, 1997;Matusik and Fitza, 2012;Oh and Contractor, 2012;Reddy, 2015bReddy, , 2015c. More specifically, we recognize various linked perceptions on buyouts and entrepreneurship (e.g., Ragozzino and Reuer, 2010), emerging economies and inorganic-tactics (e.g., Brannen and Voisey, 2012;Ramamurti, 2012), and other allied contributions in the mergers and buyouts research.…”