@conference { , title = {An Analysis of Long-term Acquirers’ Returns of Cross-border Mergers and Acquisitions: Evidence from Chinese Acquiring firms}, abstract = {We examine the effects of state ownership, institutions and resource-seeking behavior on post-acquisition stock price returns of Chinese cross-border mergers and acquisitions over the period 1998–2008. Chinese acquiring firms experience negative returns ranging from 2.92 to 10.80 \% in 12- and 60-month post-event periods, respectively. State ownership (SOE), interaction between R\&D and SOE, formal institutional distance and acquirer size have a positive and significant impact on the long-term acquirer returns. However, the interaction between tangible resources and SOE and acquirer cash holdings appears to have a negative and significant impact on long-term returns. Overall, our results suggest that the state and institutions constitute important sources of long-term value creation for Chinese acquirers.}, conference = {British Academy of Management 2014 Conference}, publicationstatus = {Unpublished}, url = {http://researchrepository.napier.ac.uk/Output/2972079}, author = {Du, Min and Boateng, Agyenim} }