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

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  • 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)

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.

Suggested Citation

  • Crystal Le & Jing Pu & Seungho Choi, 2023. "The Effect of State Ownership on a Cross-Border Acquisition Wave," Sustainability, MDPI, vol. 15(10), pages 1-14, May.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:10:p:7894-:d:1144805
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    References listed on IDEAS

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