Peng, Fei; Kang, Lili; Jiang, Jun - Volkswirtschaftliche Fakultät, … - 2011
This paper aims to investigate the role that institutional shareholders play in acquisition decision using micro data … shareholders as strategic alliances, which is determined by corporate acquisition ability, composition of institutional … shareholders and concentration of tradable share (TS) in China. We use Heckman selection model to surmount the selection biases in …