Chi, Jing; Sun, Qian; Young, Martin - In: Emerging Markets Review 12 (2011) 2, pp. 152-170
We investigate acquiring firms of 1148 M&A in the two Chinese stock markets. Using the market model, the CAPM model and … competition during M&A is low. The cross-sectional analysis shows that the political advantages of acquiring firms have a … better corporate governance create value to acquiring firms. …