The drivers of domestic acquisitions in People's Republic of China: a resource-based analysis |
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| Authors: | Yulia Muratova |
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| Institution: | 1. Department of Business Administration, School of Business and Social Sciences, Aarhus University, Office 023, Building 1326, 10 Bartholins Allé, DK-8000 Aarhus, Denmark;2. Sino-Danish Centre for Education and Research (SDC), Niels Jensens Vej 2, DK-8000 Aarhus, Denmarkyulia.muratova@badm.au.dk |
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| Abstract: | Domestic acquisitions of firms in emerging markets have so far evaded scholarly interest. This article contributes to closing this gap by looking into the drivers of cross-province acquisitions in the People's Republic of China, covering 569 deals in manufacturing industry conducted between 1999 and 2012. Drawing on the resource-based view, this study looks at prior Chief Executive Officer (CEO) experience and organizational slack as two drivers of cross-province acquisitions, and analyses the moderating effects of firm ownership types and the location of an acquiring firm. The results show that private firms having CEOs with experience outside of the home province are the drivers of cross-province acquisitions in China. |
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| Keywords: | acquisitions China CEO experience People's Republic of China organizational slack resource-based view state-owned enterprises |
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