Login | Register

The effect of institutional distance on the choice of ownership among Chinese cross-border acquisitions

Title:

The effect of institutional distance on the choice of ownership among Chinese cross-border acquisitions

Qin, Mengfei (2019) The effect of institutional distance on the choice of ownership among Chinese cross-border acquisitions. Masters thesis, Concordia University.

[thumbnail of Qin_MSC_S2020.pdf]
Preview
Text (application/pdf)
Qin_MSC_S2020.pdf - Accepted Version
763kB

Abstract

This paper explores the relationship between the acquired proportions of equity, Chinese multinational enterprises’ choice and various institutional distances namely, the government and the judicial system distance, economic distance and management distance. This paper uses 554 cases of Chinese companies' cross-border acquisitions from 2010-2019.These cases were collected by Zephyr database. This paper concludes that when Chinese companies enter an unfamiliar market, as the government and the judicial system difference expands, the Chinese companies choose to acquire a higher proportion of the targets; However, as the difference in economic system expands, Chinese multinational companies reduce the proportion of equity; The management distance effect for Chinese companies' cross-border acquisitions on share ownership is not obvious.

Divisions:Concordia University > John Molson School of Business > Finance
Item Type:Thesis (Masters)
Authors:Qin, Mengfei
Institution:Concordia University
Degree Name:M. Sc.
Program:Finance
Date:31 November 2019
Thesis Supervisor(s):Ullah, Saif
ID Code:986315
Deposited By: Mengfei Qin
Deposited On:26 Jun 2020 13:32
Last Modified:26 Jun 2020 13:32
All items in Spectrum are protected by copyright, with all rights reserved. The use of items is governed by Spectrum's terms of access.

Repository Staff Only: item control page

Downloads per month over past year

Research related to the current document (at the CORE website)
- Research related to the current document (at the CORE website)
Back to top Back to top