ePrints

Impact of ownership on Chinese local state owned enterprise's strategic asset seeking oriented foreign acquisition strategy

Lookup NU author(s): Dr Xinwei ShiORCiD

Downloads

Full text for this publication is not currently held within this repository. Alternative links are provided below where available.

Abstract

Based on the zero inflation negative binomial regression model, this paper conducts a quantitative empirical study on the cross-border M & A data of Chinese enterprises (2006-2017) obtained from ORBIS and ThomsonONE dataset. We focuses on the role of ownership heterogeneity on China's multinational companies’ OFDI, highlights local SOEs’ stronger strategis asset seeking orientation in their OFDI, and explains that local state ownership positively impact on local SOEs’ cross-border M & A motivation. The research finds that: (1) compared with other ownership modes, ‘local state-ownership’ has a significant positive correlation with the strategic asset seeking motivation of Chinese MNEs in foreign M & A; (2) ‘Local state ownership’ are positively effect on both location based trademarks and non-location based patents that owned by foreign target firms, which provide further reveal of local SOEs’ stronger strategic asset seeking motivation in their OFDI via various dimensions.

Publication metadata

Author(s): Wang H, Zhou S, Shi X, Hu A

Publication type: Article

Publication status: Published

Journal: 管理学报 Chinese Journal of Management

Year: 2021

Volume: 18

Issue: 3

Pages: 343-352

Print publication date: 01/03/2021

Acceptance date: 02/04/2018

Publisher: Chinese Journal of Management

URL: http://manu68.magtech.com.cn/Jwk_glxb/EN/Y2021/V18/I3/343

Share