Peng, Fei; Kang, Lili; Jiang, Jun - In: Management Decision 51 (2013) 1, pp. 141-162
Purpose – This paper aims to investigate the role that institutional shareholders play in acquisition decisions using …, composition of institutional shareholders and concentration of tradable share (TS) in China. The paper uses the Heckman selection … model to surmount the selection biases in acquisition decision. Findings – The paper finds that institutional shareholders …