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The impact of state ownership, formal institutions and resource seeking on acquirers’ returns of Chinese M&A
(Springer, 2015-02-04)
This study investigates the long-term acquirer returns of Chinese cross-border mergers and acquisitions (CBM&A) over the period of 1998-2008. Using Buy and Hold and Calendar Time methods, we find that Chinese acquiring ...
State Ownership, Institutional Effects and Value Creation in Cross-border Mergers & Acquisitions by Chinese Firms
(Elsevier, 2014-10-30)
This paper considers the effects of state ownership and institutional influences on value creation through cross-border mergers and acquisitions by Chinese firms during the period using a sample of 468 firms. The findings ...
Host country institutions and firm-level R&D influences: An analysis of European Union FDI in China
(Elsevier, 2018-08-15)
The paper investigates the effects of institutions and their interaction with firms’ research & development (R&D) levels on foreign direct investment (FDI) inflows in China based on a sample of 680 European Union (EU) firms ...
Executive shareholding, compensation, and analyst forecast of Chinese firms
(Taylor and Francis, 2016-08-03)
We examine the impact of executive and leadership shareholding and cash compensation on analyst forecast error and dispersion as proxies for information asymmetry. We find that firms pay higher compensation (or excess ...
Capital Structure of Chinese Listed SMEs: An Agency Theory Perspective
(Springer, 2016-05-02)
Prior work examining the antecedents of capital structure for small and-medium sized enterprises (SMEs) in emerging markets is limited. This paper sheds some light on how the corporate governance mechanisms adopted by firms ...
The impact of stringent insider trading laws and institutional quality on the cost of capital
(Elsevier, 2018-07-20)
This paper examines the effects of interaction between stringent insider trading laws, institutional quality and equity portfolio allocation on the cost of capital. Using a dataset drawn from 44 countries over the period ...
Cultural Distance and Value Creation of Cross-border M&A: The Moderating Role of Acquirer Characteristics
(Elsevier, 2018-12-27)
This paper examines the effects of culture and the interaction between cultural distance and salient acquirer characteristics on value creation of acquiring firms based on a sample of 209 firms over the period of 1998-2012. ...
International equity portfolio investment and enforcement of insider trading laws: a cross-country analysis
(Springer, 2018-08-17)
In this study, we examine the effects of stringent insider trading laws’ enforcement, institutions and stock market development on international equity portfolio allocation using data from 44 countries over the period ...
Information Asymmetry and Market Power in the African Banking Industry
(Elsevier, 2017-12-24)
This study investigates the role of information sharing offices and its association with market power in the African banking industry based on a panel of 162 banks from 42countries for the period 2001–2011. Five ...
Board-CEO friendship ties and firm value: Evidence from US firms
(Elsevier, 2019-07-06)
This study examines the impact of board-CEO friendship ties on firm value and explores potential channels through which changes in firm value may be conveyed, based on a sample of 1,696 publicly listed firms in U.S. over ...