Using the recent China Family Panel Studies, we identify the subjects studied by college (2-3 years) graduates and university (4-5 years) graduates. For the university graduates, we can further distinguish universities by the tier of selectivity (i.e., Key and Ordinary Universities). We take...

Purpose: This paper aims to investigate the role that institutional shareholders play in acquisition decisions using micro data in the Chinese stock market during 2003‐2008. Design/methodology/approach: Acquisition decision is the selection and coordination process of shareholders as strategic...