CEO risk preference and M&A payment method: considering the non-economic factors
Jianquan Guo,
He Cheng
Abstract:PurposeThe authors investigate the effects of Chinese acquirer’s chief executive officer (CEO) risk preference on mergers and acquisitions (M&A) payment method and the moderating roles played by acquirer’s ownership, industry relatedness and whether the M&A is cross-border.Design/methodology/approachUsing 4,624 worldwide M&A deals conducted by Chinese firms from 2009 to 2021, the authors conduct multiple linear regression and ordered probit regression. And comprehensive indexes constructed based on… Show more
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