EMNCs ownership in foreign acquisitions: The impact of institutional distance and government support

In this study we analyze the impact of institutional distance, government support and acquisition capability on the equity ownership acquired by emerging market multinationals (EMNC) in cross-border acquisitions (CBAs). While extant research has already delved into why EMNCs acquire foreign firms abroad, we have but an incomplete understanding of the impact of the institutional differences between countries and of the role of government support...