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 journalReview articlepeer-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 languageEnglish
Pages (from-to)425-448
Number of pages24
JournalManagement and Organization Review
Volume12
Issue number3
DOIs
Publication statusPublished - 16 Sept 2016

Keywords

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

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