The effects of ownership identities on corporate industrial diversification strategy of Brazilian companies in cross-border M&As

Cai, Catherine; Gubbi, Sathyajit; van Veen, Kees; van Ees, Hans

Abstract

In this paper we investigate the role of ownership identities of acquiring Brazilian multinational enterprises in determining industrial diversification strategies in cross-border mergers and acquisitions. Based on institutions-based theory and risk averse arguments, we hypothesize that different ownership types such as government majority ownership and private business group affiliation can influence the diversification strategies when determining related or unrelated international acquisitions. We also argue that the industry diversification strategies abroad will be moderated by cross-country institutional differences between the host country and Brazil.

• Presentation Conference Type: Conference Paper (published)
• Conference Name: British Academy of Management Annual Conference: Conference on the Cloud
• Start Date: Sep 2, 2020
• End Date: Sep 4, 2020
• Acceptance Date: Jun 9, 2020
• Online Publication Date: Sep 2, 2020
• Publication Date: Sep 2, 2020
• Deposit Date: Dec 10, 2020
• Publicly Available Date: Dec 11, 2020
• ISBN: 9780995641334
• Public URL: https://uwe-repository.worktribe.com/output/6942898