Abstract：Based on the negative binomial regression model,this research conducts a quantitative empirical study on the cross-border Mergers and Acquisitions (M&As) of Chinese enterprises (2006~2017) obtained from the BVD ORBIS and ThomsonONE database. Results show that: compared with other ownership modes,‘local state-ownership’ has a significant positive correlation with the strategic asset seeking motivation of Chinese Multinational Enterprises (MNEs) in foreign M&As; ‘Local state ownership positively influence both internationally non-transferable trademarks and internationally transferable patents that owned by foreign target firms, which provide further evidence of local SOEs’stronger strategic asset seeking motivation in their OFDI via various dimensions.
王弘书，周绍杰，施新伟，胡鞍钢. 地方国有企业海外并购中战略资产寻求动机的实证研究[J]. 管理学报, 2021, 18(3): 343-.
WANG Hongshu ZHOU Shaojie SHI Xinwei HU Angang. Impact of Ownership on Chinese Local State Owned Enterprise’s Strategic Asset Seeking Oriented Foreign Acquisition Strategy. Chinese Journal of Management, 2021, 18(3): 343-.
