The Institutional Influence on the Location Strategies of Multinational Enterprises from Emerging Economies: Evidence from China's Cross-border Mergers and Acquisitions

Peter J. Buckley; Pei Yu; Qing Liu; Surender Munjal; Pan Tao

doi:10.1017/mor.2016.21

The Institutional Influence on the Location Strategies of Multinational Enterprises from Emerging Economies: Evidence from China's Cross-border Mergers and Acquisitions

Peter J. Buckley, Pei Yu, Qing Liu, Surender Munjal^*, Pan Tao

^*Corresponding author for this work

Research output: Contribution to journal › Review article › peer-review

Abstract

This study investigates the institutional influence on the location strategies of Chinese cross-border mergers and acquisitions (M&A) during the period 1985-2011 across 150 economies using Heckman's two-stage model. The results suggest that Chinese Multinational Enterprises (MNEs) are 'shortsighted' and show perverse behaviour towards host country risk when deciding on the location of host country and volume of investment undertaken through M&As, which may damage the firm's long-term profitability.

Original language	English
Pages (from-to)	425-448
Number of pages	24
Journal	Management and Organization Review
Volume	12
Issue number	3
DOIs	https://doi.org/10.1017/mor.2016.21
Publication status	Published - 16 Sept 2016

Keywords

China's cross-border M&A
EMNEs
institutions
location strategies

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10.1017/mor.2016.21

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abstract = "This study investigates the institutional influence on the location strategies of Chinese cross-border mergers and acquisitions (M&A) during the period 1985-2011 across 150 economies using Heckman's two-stage model. The results suggest that Chinese Multinational Enterprises (MNEs) are 'shortsighted' and show perverse behaviour towards host country risk when deciding on the location of host country and volume of investment undertaken through M&As, which may damage the firm's long-term profitability.",

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The Institutional Influence on the Location Strategies of Multinational Enterprises from Emerging Economies: Evidence from China's Cross-border Mergers and Acquisitions. / Buckley, Peter J.; Yu, Pei; Liu, Qing et al.
In: Management and Organization Review, Vol. 12, No. 3, 16.09.2016, p. 425-448.

Research output: Contribution to journal › Review article › peer-review

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AU - Buckley, Peter J.

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AU - Liu, Qing

AU - Munjal, Surender

AU - Tao, Pan

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AB - This study investigates the institutional influence on the location strategies of Chinese cross-border mergers and acquisitions (M&A) during the period 1985-2011 across 150 economies using Heckman's two-stage model. The results suggest that Chinese Multinational Enterprises (MNEs) are 'shortsighted' and show perverse behaviour towards host country risk when deciding on the location of host country and volume of investment undertaken through M&As, which may damage the firm's long-term profitability.

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The Institutional Influence on the Location Strategies of Multinational Enterprises from Emerging Economies: Evidence from China's Cross-border Mergers and Acquisitions

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Keywords

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