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dc.contributor.authorBoateng, Agyenimen
dc.contributor.authorDu, Minen
dc.date.accessioned2018-11-07T15:02:27Z
dc.date.available2018-11-07T15:02:27Z
dc.date.issued2014-10-30
dc.identifier.citationBoateng, A. and Du, M. (2014) State Ownership, Institutional Effects and Value Creation in Cross-border Mergers & Acquisitions by Chinese Firms. International Business Review, 24 (3), pp. 430-442en
dc.identifier.issn0969-5931
dc.identifier.urihttp://hdl.handle.net/2086/17096
dc.descriptionThe file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link.en
dc.description.abstractThis paper considers the effects of state ownership and institutional influences on value creation through cross-border mergers and acquisitions by Chinese firms during the period using a sample of 468 firms. The findings indicate that Chinese bidders experience wealth gains ranging from 0.4771% to 1.5210% over 10-day event window. The cross-sectional analysis indicates that state ownership, formal institutional distance, reforms in the foreign currency approval system exert significant impact on shareholder value. By considering the state ownership and institutions, this study provides evidence that government and institutions play a huge role in value creation of emerging market firm internationalisation through cross-border mergers & acquisitions (CBM&A)en
dc.publisherElsevieren
dc.subjectCross-border mergers & acquisitionsen
dc.titleState Ownership, Institutional Effects and Value Creation in Cross-border Mergers & Acquisitions by Chinese Firmsen
dc.typeArticleen
dc.identifier.doihttps://doi.org/10.1016/j.ibusrev.2014.10.002
dc.peerreviewedYesen
dc.funderN/Aen
dc.projectidN/Aen
dc.cclicenceCC-BY-NCen
dc.date.acceptance2014-10-03en
dc.researchinstituteFinance and Banking Research Group (FiBRe)en


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