Assessing the effects of institutions on the ownership structure of MNCs investments in global cities

Detalhes bibliográficos
Autor(a) principal: Moreira da Silva, F.
Data de Publicação: 2024
Outros Autores: Pereira, R., Ogasavara, M. H.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10071/30198
Resumo: This study analyzes the relationship between institutions and ownership in cross-border acquisitions. First, this research contributes to the existing literature by considering the relative position of cities of origin and destination in this relationship and examining the asymmetric effects of institutional distance. Furthermore, we contribute by taking the concept of global cities and analyzing the influence of these locations on ownership decisions in cross-border acquisitions. Using a database with multiple home and host-cities and adopting a binary logistic analysis, the results indicate that MNCs hold a higher stake in the equity of an acquiree located in a developed country, and their commitment of resources to acquisitions in global cities is higher than it is in other cities. These findings suggest that analyzing distance direction is essential, and brings new insights when examined at the subnational level.
id RCAP_65530ae759dabcbf3527e8b91d8e7ee6
oai_identifier_str oai:repositorio.iscte-iul.pt:10071/30198
network_acronym_str RCAP
network_name_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository_id_str 7160
spelling Assessing the effects of institutions on the ownership structure of MNCs investments in global citiesSubnational level of analysisInstitutionsOwnershipCross border acquisitionGlobal citiesThis study analyzes the relationship between institutions and ownership in cross-border acquisitions. First, this research contributes to the existing literature by considering the relative position of cities of origin and destination in this relationship and examining the asymmetric effects of institutional distance. Furthermore, we contribute by taking the concept of global cities and analyzing the influence of these locations on ownership decisions in cross-border acquisitions. Using a database with multiple home and host-cities and adopting a binary logistic analysis, the results indicate that MNCs hold a higher stake in the equity of an acquiree located in a developed country, and their commitment of resources to acquisitions in global cities is higher than it is in other cities. These findings suggest that analyzing distance direction is essential, and brings new insights when examined at the subnational level.Elsevier2024-01-04T09:04:17Z2024-01-01T00:00:00Z20242024-03-06T16:01:46Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/30198eng0969-593110.1016/j.ibusrev.2023.102232Moreira da Silva, F.Pereira, R.Ogasavara, M. H.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-10T01:18:21Zoai:repositorio.iscte-iul.pt:10071/30198Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:30:34.403027Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Assessing the effects of institutions on the ownership structure of MNCs investments in global cities
title Assessing the effects of institutions on the ownership structure of MNCs investments in global cities
spellingShingle Assessing the effects of institutions on the ownership structure of MNCs investments in global cities
Moreira da Silva, F.
Subnational level of analysis
Institutions
Ownership
Cross border acquisition
Global cities
title_short Assessing the effects of institutions on the ownership structure of MNCs investments in global cities
title_full Assessing the effects of institutions on the ownership structure of MNCs investments in global cities
title_fullStr Assessing the effects of institutions on the ownership structure of MNCs investments in global cities
title_full_unstemmed Assessing the effects of institutions on the ownership structure of MNCs investments in global cities
title_sort Assessing the effects of institutions on the ownership structure of MNCs investments in global cities
author Moreira da Silva, F.
author_facet Moreira da Silva, F.
Pereira, R.
Ogasavara, M. H.
author_role author
author2 Pereira, R.
Ogasavara, M. H.
author2_role author
author
dc.contributor.author.fl_str_mv Moreira da Silva, F.
Pereira, R.
Ogasavara, M. H.
dc.subject.por.fl_str_mv Subnational level of analysis
Institutions
Ownership
Cross border acquisition
Global cities
topic Subnational level of analysis
Institutions
Ownership
Cross border acquisition
Global cities
description This study analyzes the relationship between institutions and ownership in cross-border acquisitions. First, this research contributes to the existing literature by considering the relative position of cities of origin and destination in this relationship and examining the asymmetric effects of institutional distance. Furthermore, we contribute by taking the concept of global cities and analyzing the influence of these locations on ownership decisions in cross-border acquisitions. Using a database with multiple home and host-cities and adopting a binary logistic analysis, the results indicate that MNCs hold a higher stake in the equity of an acquiree located in a developed country, and their commitment of resources to acquisitions in global cities is higher than it is in other cities. These findings suggest that analyzing distance direction is essential, and brings new insights when examined at the subnational level.
publishDate 2024
dc.date.none.fl_str_mv 2024-01-04T09:04:17Z
2024-01-01T00:00:00Z
2024
2024-03-06T16:01:46Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10071/30198
url http://hdl.handle.net/10071/30198
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 0969-5931
10.1016/j.ibusrev.2023.102232
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
_version_ 1799136787937886208

Registros relacionados