Are Chinese Acquirers Discriminated against in Cross-border Mergers and Acquisitions?An Analysis Based on Covered Transactions Filed with CFIUS
作者机构：School of Finance and the Collaborative Innovation Center of Industrial Upgrading and Regional Finance(Hubei)Zhongnan University of Economics and Law China School of FinanceZhongnan University of Economics and LawChina.
出 版 物：《China & World Economy》 (中国与世界经济（英文版）)
年 卷 期：2020年第28卷第2期
页 面：37-58页
核心收录：
基 金：supported by the National Natural Science Foundation o f China(No.71973152) the Fundamental Research Funds for the Central Universities,Zhongnan University of Economics and Law(No.2722020JCT009)
主 题：CFIUS covered transaction cross-border M&A deterrent effect fair treatment
摘 要：This study employs a sample of covered transactions filed with the Committee on Foreign Investment in the United States(CFIUS)of cross-border mergers and acquisitions targeting American companies based on publicly available news reports and announcements to examine the heterogeneity hypothesis in the CFIUS review process.A comparative analysis of case studies and an empirical analysis of logit regressions are *** also explore how CFIUS reviews may have an impact on corporations future mergers and acquisitions decisions in a panel data model *** results show that both unfair treatment in CFIUS review and the deterrent effect of CFIUS interventions have contributed to the recent sharp decline in China s direct investment in the US.
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