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Financial expertise vs. AI momentum: Why CFOs temper cross-border deals

Author

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  • Jin, Deqing
  • Dongwen, Yu
  • Xiaofei, Guo

Abstract

This study examines a novel mechanism through which AI applications enhance cross-border M&A success: by strengthening internal capabilities and external reputation, AI generates valuable market signals, improves transparency, and increases stakeholder trust, thereby facilitating deal completion. We also find that higher regional marketization levels and CEO duality strengthen AI's positive effect, whereas executives with financial backgrounds weaken it. This research contributes to the literature on emerging-market multinationals’ internationalization strategies and to understanding how AI creates firm value.

Suggested Citation

  • Jin, Deqing & Dongwen, Yu & Xiaofei, Guo, 2025. "Financial expertise vs. AI momentum: Why CFOs temper cross-border deals," Finance Research Letters, Elsevier, vol. 86(PB).
    • Handle: RePEc:eee:finlet:v:86:y:2025:i:pb:s1544612325016915
    DOI: 10.1016/j.frl.2025.108437
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