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

Crystal Le, Jing Pu and Seungho Choi ()
Additional contact information
Crystal Le: Graduate School of Education and Ewha School of Business, Ewha Womans University, 52 Ewhayeodai-gil, Seodaemun-gu, Seoul 121791, Republic of Korea
Jing Pu: Ewha School of Business, Ewha Womans University, 52 Ewhayeodai-gil, Seodaemun-gu, Seoul 121791, Republic of Korea
Seungho Choi: Ewha School of Business, Ewha Womans University, 52 Ewhayeodai-gil, Seodaemun-gu, Seoul 121791, Republic of Korea

Sustainability, 2023, vol. 15, issue 10, 1-14

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.

Keywords: cross-border acquisition waves; company property; Chinese company (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2071-1050/15/10/7894/pdf (application/pdf)
https://www.mdpi.com/2071-1050/15/10/7894/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:15:y:2023:i:10:p:7894-:d:1144805

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().