Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5107156 | Journal of World Business | 2017 | 13 Pages |
Abstract
We examine the role of government support on the ownership choices by multilatinas in cross-border acquisitions, both directly and in moderating the relationship between institutional distance and knowledge access. We argue that the pro-market reforms and three mechanisms of government support - financing, stock participation, and political ties - can result in higher levels of ownership negotiated by firms, under conditions of greater institutional distance and knowledge access. Our findings contribute to extend the institution-based view by exploring how the unique institutional characteristics of Latin American countries, and especially different types of government support, influence foreign ownership strategies of multilatinas.
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Authors
Cláudia Frias Pinto, Manuel Portugal Ferreira, Christian Falaster, Maria Tereza Leme Fleury, Afonso Fleury,