Impact of Chinese cross-border outbound M&As on firm performance: Econometric analysis using firm-level data
Author
Abstract
Suggested Citation
DOI: 10.1016/j.chieco.2014.06.011
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Wilbur Chung & Juan Alcácer, 2002. "Knowledge Seeking and Location Choice of Foreign Direct Investment in the United States," Management Science, INFORMS, vol. 48(12), pages 1534-1554, December.
- Kyoji Fukao & Keiko Ito & Hyeog Ug Kwon & Miho Takizawa, 2008.
"Cross-Border Acquisitions and Target Firms' Performance: Evidence from Japanese Firm-Level Data,"
NBER Chapters, in: International Financial Issues in the Pacific Rim: Global Imbalances, Financial Liberalization, and Exchange Rate Policy, pages 347-389,
National Bureau of Economic Research, Inc.
- Kyoji Fukao & Keiko Ito & Hyeog Ug Kwon & Miho Takizawa, 2006. "Cross-Border Acquisitions and Target Firms' Performance: Evidence From Japanese Firm-Level Data," NBER Working Papers 12422, National Bureau of Economic Research, Inc.
- Kyoji Fukao & Keikok Ito & Hyeg Ug Kwon & Miho Takizawa, 2006. "Cross-Border Acquisitons and Target Firms' Performance: Evidence from Japanese Firm-Level Data," Hi-Stat Discussion Paper Series d06-174, Institute of Economic Research, Hitotsubashi University.
- Fukao, Kyoji & Ito, Keiko & Kwon, Hyeog Ug & Takizawa, Miho, 2007. "Cross-Border Acquisitions and Target Firms' Performance: Evidence from Japanese Firm-Level Data," CEI Working Paper Series 2006-18, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
- A. Smith, Jeffrey & E. Todd, Petra, 2005.
"Does matching overcome LaLonde's critique of nonexperimental estimators?,"
Journal of Econometrics, Elsevier, vol. 125(1-2), pages 305-353.
- Jeffrey Smith & Petra Todd, 2003. "Does Matching Overcome Lalonde's Critique of Nonexperimental Estimators?," University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers 20035, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).
- James J. Heckman & Hidehiko Ichimura & Petra E. Todd, 1997. "Matching As An Econometric Evaluation Estimator: Evidence from Evaluating a Job Training Programme," Review of Economic Studies, Oxford University Press, vol. 64(4), pages 605-654.
- Joel Stiebale & Michaela Trax, 2011.
"The effects of cross-border M&As on the acquirers' domestic performance: firm-level evidence,"
Canadian Journal of Economics, Canadian Economics Association, vol. 44(3), pages 957-990, August.
- Joel Stiebale & Michaela Trax, 2011. "The effects of cross‐border M&As on the acquirers’ domestic performance: firm‐level evidence," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 44(3), pages 957-990, August.
- Stiebale, Joel & Trax, Michaela, 2010. "The Effects of Cross-border M&As on the Acquirers' Domestic Performance – Firm-level Evidence," Ruhr Economic Papers 159, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Bertrand, Olivier & Betschinger, Marie-Ann, 2012. "Performance of domestic and cross-border acquisitions: Empirical evidence from Russian acquirers," Journal of Comparative Economics, Elsevier, vol. 40(3), pages 413-437.
- María García-Vega & Patricia Hofmann & Richard Kneller, 2012. "The Internationalisation of R&D and the Knowledge Production Function," CESifo Working Paper Series 3751, CESifo.
- De Beule, Filip & Duanmu, Jing-Lin, 2012. "Locational determinants of internationalization: A firm-level analysis of Chinese and Indian acquisitions," European Management Journal, Elsevier, vol. 30(3), pages 264-277.
- Deng, Ping, 2009. "Why do Chinese firms tend to acquire strategic assets in international expansion?," Journal of World Business, Elsevier, vol. 44(1), pages 74-84, January.
- Shimizu, Katsuhiko & Hitt, Michael A. & Vaidyanath, Deepa & Pisano, Vincenzo, 2004. "Theoretical foundations of cross-border mergers and acquisitions: A review of current research and recommendations for the future," Journal of International Management, Elsevier, vol. 10(3), pages 307-353.
- Arnold, Jens Matthias & Javorcik, Beata Smarzynska, 2005.
"Gifted kids or pushy parents? Foreign acquisitions and plant performance in Indonesia,"
Policy Research Working Paper Series
3597, The World Bank.
- Jens Matthias Arnold & Beata Smarzynska Javorcik, 2005. "Gifted Kids or Pushy Parents? Foreign Acquisitions and Plant Performance in Indonesia," Development Working Papers 197, Centro Studi Luca d'Agliano, University of Milano.
- Arnold, Jens & Javorcik, Beata, 2005. "Gifted Kids or Pushy Parents? Foreign Acquisitions and Plant Performance in Indonesia," CEPR Discussion Papers 5065, C.E.P.R. Discussion Papers.
- Bertrand, Olivier & Zuniga, Pluvia, 2006.
"R&D and M&A: Are cross-border M&A different? An investigation on OECD countries,"
International Journal of Industrial Organization, Elsevier, vol. 24(2), pages 401-423, March.
- Olivier Bertrand & Pluvia Zuniga, 2004. "R&D and M&A : Are cross-border M&A different ? An investigation on OECD countries," Cahiers de la Maison des Sciences Economiques bla04072, Université Panthéon-Sorbonne (Paris 1).
- Dong, Baomin & Guo, Guixia, 2013. "A model of China's export strengthening outward FDI," China Economic Review, Elsevier, vol. 27(C), pages 208-226.
- Ivar Kolstad & Arne Wiig, 2009. "What determines Chinese outward FDI?," CMI Working Papers 3, CMI (Chr. Michelsen Institute), Bergen, Norway.
- María García-Vega & Patricia Hofmann & Richard Kneller, 2012.
"The Internationalisation of R&D and the Knowledge Production Function,"
CESifo Working Paper Series
3751, CESifo.
- María García-Vega & Patricia Hofmann & Richard Kneller, 2012. "The Internationalisation of R&D and the Knowledge Production Function," Discussion Papers 12/02, University of Nottingham, GEP.
- World Bank, 2012. "World Development Indicators 2012," World Bank Publications, The World Bank, number 6014, June.
- James J. Heckman & Hidehiko Ichimura & Petra Todd, 1998. "Matching As An Econometric Evaluation Estimator," Review of Economic Studies, Oxford University Press, vol. 65(2), pages 261-294.
- Leonard K. Cheng & Zihui Ma, 2010. "China's Outward Foreign Direct Investment," NBER Chapters, in: China's Growing Role in World Trade, pages 545-578, National Bureau of Economic Research, Inc.
- Peter J Buckley & L Jeremy Clegg & Adam R Cross & Xin Liu & Hinrich Voss & Ping Zheng, 2007. "The determinants of Chinese outward foreign direct investment," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 38(4), pages 499-518, July.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Schubert, Torben & Jäger, Angela & Türkeli, Serdar & Visentin, Fabiana, 2020. "Addressing the productivity paradox with big data: A literature review and adaptation of the CDM econometric model," MERIT Working Papers 2020-050, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
- Li, Jian & Strange, Roger & Ning, Lutao & Sutherland, Dylan, 2016. "Outward foreign direct investment and domestic innovation performance: Evidence from China," International Business Review, Elsevier, vol. 25(5), pages 1010-1019.
- Valeria, Gattai & Rajssa, Mechelli & Piergiovanna, Natale, 2016. "FDI and Heterogeneous Firms: Evidence from BRIC Countries," Working Papers 322, University of Milano-Bicocca, Department of Economics, revised 18 Jan 2016.
- Howell, Anthony & Lin, Jia & Worack, Stephan, 2020.
"Going out to innovate more at home: Impacts of outward direct investments on Chinese firms' domestic innovation performance,"
China Economic Review, Elsevier, vol. 60(C).
- Anthony Howell & Jia Lin & Stephan Worack, 2020. "Going out to innovate more at home: Impacts of outward direct investments on Chinese firms' domestic innovation performance," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-02866804, HAL.
- Anthony Howell & Jia Lin & Stephan Worack, 2020. "Going out to innovate more at home: Impacts of outward direct investments on Chinese firms' domestic innovation performance," Post-Print hal-02866804, HAL.
- Huang, Youxing & Zhang, Yan, 2017. "How does outward foreign direct investment enhance firm productivity? A heterogeneous empirical analysis from Chinese manufacturing," China Economic Review, Elsevier, vol. 44(C), pages 1-15.
More about this item
Keywords
Cross-border outbound M&As; China; Knowledge; Strategic assets; Expansion to new markets;JEL classification:
- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
- L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:chieco:v:30:y:2014:i:c:p:169-179. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Haili He). General contact details of provider: http://www.elsevier.com/locate/chieco .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.