IDEAS home Printed from https://ideas.repec.org/a/kap/asiapa/v42y2025i1d10.1007_s10490-023-09923-3.html
   My bibliography  Save this article

Completion of high-tech M&As by chinese firms: knowledge distance, industry attractiveness and government involvement

Author

Listed:
  • Monica Yang

    (Adelphi University)

  • Qi Ai

    (University of Northampton)

Abstract

This paper draws upon institutional theory to incorporate the multi-level influences of institutional environment (i.e., knowledge distance at the country level, industry attractiveness at the industry level, and government involvement at the firm level) in order to examine the determinants that affect acquisition completion. Based on a sample of 797 outward M&As in the high-tech industry initiated by Chinese firms from 1991 to 2018, we found that the likelihood of completing an acquisition increases when the knowledge distance between China and the host country decreases and in the presence of a high attractiveness of the Chinese high-tech industry involved. In addition, we found that government involvement in the acquiring firms has different influences from that in the target ones on the likelihood of acquisition completion. Specifically, we only found that the likelihood of acquisition completion decreases in the presence of government involvement in the target firm. The influence of government involvement in the acquiring firms on acquisition completion was not significant. The implications of this study of high-tech M&As enacted by firms from emerging markets are thus discussed.

Suggested Citation

  • Monica Yang & Qi Ai, 2025. "Completion of high-tech M&As by chinese firms: knowledge distance, industry attractiveness and government involvement," Asia Pacific Journal of Management, Springer, vol. 42(1), pages 427-454, March.
    • Handle: RePEc:kap:asiapa:v:42:y:2025:i:1:d:10.1007_s10490-023-09923-3
    DOI: 10.1007/s10490-023-09923-3
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10490-023-09923-3
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s10490-023-09923-3?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    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:kap:asiapa:v:42:y:2025:i:1:d:10.1007_s10490-023-09923-3. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.