The double-edged sword of political power in Chinese merger and acquisitions: CEOs, boards, and market reactions
This study examines how CEO political power influences merger and acquisition (M&A) decisions in China, focusing on the propensity to complete deals despite negative market reactions. Analyzing 1346 M&A deals by Chinese listed firms from 2008 to 2024, we find that politically powerful CEOs are more...
Gorde:
| Egile Nagusiak: | , |
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| Formatua: | Artigo |
| Hizkuntza: | Inglês |
| Argitaratua: |
Elsevier
2025-12-01
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| Saila: | International Review of Economics & Finance |
| Gaiak: | |
| Sarrera elektronikoa: | http://www.sciencedirect.com/science/article/pii/S1059056025009153 |
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