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countries and foster development within China. We examine the effect of the Initiative on Chinese cross-border M&As. We find …-owned enterprises and it is more pronounced in firms that are located on the more-developed eastern coast of China. The evidence …
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This study investigates the extent to which diplomatic relations affected merger and acquisition (M&A) activities in the European Union during the years 2001- 2019. Implementing a gravity model, we find a U-inverted relationship between diplomatic distance and M&A activities: (i) a worsening in...
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