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A text analysis of domestic Chinese newspaper articles on 797 proposed mergers shows that media in developing countries are quantifiably susceptible to pressure: media coverage is more favorable for deals consistent with government objectives and involving powerful local firms. However, we also...
Persistent link: https://www.econbiz.de/10013033415
controlling for deal characteristics. However, longer-term post-merger bidder abnormal returns are lower for government … improving bilateral political relations between China and target nations are positively associated with both short and long …
Persistent link: https://www.econbiz.de/10012961965
In this paper, we examine why Chinese reverse merger (RM) firms have lower financial reporting quality. We find that … quality only in firms from China, where the legal enforcement is weaker than U.S. In addition, we find that compared to …
Persistent link: https://www.econbiz.de/10013008150
We examine whether political corruption impedes mergers and acquisitions (M&As) decisions. Using a comprehensive sample of Chinese firms, we find that corruption has a substantial, negative relation with the firm acquisitiveness. Further evidence suggests that the impact is more pronounced when...
Persistent link: https://www.econbiz.de/10014258694
Made in China 2025 influence investment patterns of Chinese state-owned acquirers but not those of private investors …
Persistent link: https://www.econbiz.de/10011992349
Persistent link: https://www.econbiz.de/10013347686
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The evolution of the Chinese takeover market and its integration with the international takeover market are analysed in … three ways. First, the paper charts the legal and institutional changes in China in the last two decades to develop a … decentralised “Anglo-Saxon” takeover market. Second, the paper provides statistical and case material on the extent to which the …
Persistent link: https://www.econbiz.de/10013154501
This paper analyses the introduction of leveraged buyouts in China and Taiwan. It focuses on how leveraged buyout firms …
Persistent link: https://www.econbiz.de/10013048432
We investigate the stock price performance of companies that become a block trade target in China where unique …
Persistent link: https://www.econbiz.de/10013058715