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Selective imitation of compatriot firms: Entry mode decisions of emerging market multinationals in cross-border acquisitions
by
Xie, Zhenzhen
, Li, Jiatao
in
Acquisitions & mergers
/ Business and Management
/ Cross border transactions
/ Emerging markets
/ International
/ Legitimacy
/ Management
/ Management science
/ Multinational corporations
/ Peers
/ Studies
2017
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Selective imitation of compatriot firms: Entry mode decisions of emerging market multinationals in cross-border acquisitions
by
Xie, Zhenzhen
, Li, Jiatao
in
Acquisitions & mergers
/ Business and Management
/ Cross border transactions
/ Emerging markets
/ International
/ Legitimacy
/ Management
/ Management science
/ Multinational corporations
/ Peers
/ Studies
2017
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Do you wish to request the book?
Selective imitation of compatriot firms: Entry mode decisions of emerging market multinationals in cross-border acquisitions
by
Xie, Zhenzhen
, Li, Jiatao
in
Acquisitions & mergers
/ Business and Management
/ Cross border transactions
/ Emerging markets
/ International
/ Legitimacy
/ Management
/ Management science
/ Multinational corporations
/ Peers
/ Studies
2017
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Selective imitation of compatriot firms: Entry mode decisions of emerging market multinationals in cross-border acquisitions
Journal Article
Selective imitation of compatriot firms: Entry mode decisions of emerging market multinationals in cross-border acquisitions
2017
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Overview
This research investigates imitation in cross-border acquisitions (CBAs) by emerging market multinationals (EMNCs) in terms of the equity share sought in such acquisitions. Earlier acquisitions by peer compatriots and by developed-market multinationals (DMNCs) are both models for imitation, but the former are more similar and potentially relevant. Analysis of 608 CBAs by Chinese firms between 1987 and 2008 supports the above argument. Further, it reveals that state-owned Chinese firms are less likely to imitate in general. Both state-owned and privately-owned Chinese acquirers are most likely to imitate privately-owned Chinese acquirers previously invested in the same environment. For state-owned Chinese acquirers, more frequent pursuit of a particular target share by earlier state-owned Chinese acquirers decreases rather than increases the likelihood of a later state-owned Chinese investors buying a similar share.
Publisher
Springer US,Springer Nature B.V
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