Firm ownership heterogeneity and strategic diversification via cross-border deals

Cai, Catherine

Abstract

In this paper, we investigate the role of ownership heterogeneity of acquiring Brazilian multinational enterprises in determining industrial diversification strategies in cross-border mergers and acquisitions. Based on institutions-based theory and corporate governance 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 industrial diversification strategies abroad will be moderated by crosscountry institutional differences between the host country and Brazil.

• Presentation Conference Type: Conference Paper (unpublished)
• Conference Name: 48th Academy of International Business UK & Ireland Chapter Conference
• Start Date: Apr 14, 2021
• End Date: Apr 16, 2021
• Deposit Date: Apr 28, 2021
• Publicly Available Date: Apr 30, 2021
• Public URL: https://uwe-repository.worktribe.com/output/7259400