The Effect of State Ownership on a Cross-Border Acquisition Wave

Crystal Le; Jing Pu; Seungho Choi

doi:10.3390/su15107894

The Effect of State Ownership on a Cross-Border Acquisition Wave

Crystal Le, Jing Pu, Seungho Choi

Division of Business Administration

Research output: Contribution to journal › Article › peer-review

Abstract

More enterprises from developing countries are conducting cross-border acquisitions (CBA) in the global market. Inter-industry acquisitions take the form of waves, and the position in an acquisition wave has been confirmed to be related to acquisition performance in developed countries. This paper examines the relationship between state ownership and position in a CBA wave using a sample of Chinese firms’ CBA events from 2008 to 2019. This article also attempts to examine the moderating effect of the number of board members with overseas work experiences and educational backgrounds.

Original language	English
Article number	7894
Journal	Sustainability (Switzerland)
Volume	15
Issue number	10
DOIs	https://doi.org/10.3390/su15107894
State	Published - May 2023

Bibliographical note

Funding Information:
This work was funded by the Ministry of Education of the Republic of Korea and the National Research Foundation of Korea (NRF- 2020S1A5A2A01046005).

Publisher Copyright:
© 2023 by the authors.

Keywords

Chinese company
company property
cross-border acquisition waves

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10.3390/su15107894

Cite this

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abstract = "More enterprises from developing countries are conducting cross-border acquisitions (CBA) in the global market. Inter-industry acquisitions take the form of waves, and the position in an acquisition wave has been confirmed to be related to acquisition performance in developed countries. This paper examines the relationship between state ownership and position in a CBA wave using a sample of Chinese firms{\textquoteright} CBA events from 2008 to 2019. This article also attempts to examine the moderating effect of the number of board members with overseas work experiences and educational backgrounds.",

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AB - More enterprises from developing countries are conducting cross-border acquisitions (CBA) in the global market. Inter-industry acquisitions take the form of waves, and the position in an acquisition wave has been confirmed to be related to acquisition performance in developed countries. This paper examines the relationship between state ownership and position in a CBA wave using a sample of Chinese firms’ CBA events from 2008 to 2019. This article also attempts to examine the moderating effect of the number of board members with overseas work experiences and educational backgrounds.

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The Effect of State Ownership on a Cross-Border Acquisition Wave

Abstract

Bibliographical note

Keywords

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