Optimal Decision-Making in Chinese Cross-Border Mergers and Acquisitions: A Perspective of Overbidding

<table class="table-group" id="tab2"><tr><td><table class="table"><tr><td class="thead-hr" colspan="2"><hr/></td></tr><tr><td class="align_left">Cross-border mergers and acquisitions deals on and after January 1, 2009, and up to December 31, 2019, with the acquirer originating from China and the targets’ countries from members of the Organization for Economic Co-operation and Development (OECD)</td><td class="align_center">3,586</td></tr><tr><td class="align_left" colspan="2"><hr/></td></tr><tr><td class="align_left"> Less acquirer from banking, insurance, and other financial industry sectors</td><td class="align_center">(1,602)</td></tr><tr><td class="align_left"> </td><td class="align_center">1,984</td></tr><tr><td class="align_left"> Less missing financial or other deal information observations</td><td class="align_center">(896)</td></tr><tr><td class="align_left"> </td><td class="align_center">1,088</td></tr><tr class="table-tr"><td colspan="2"><hr class="tbody-hr"/></td></tr></table></td></tr><tr class="table-fn"><td><div>Data source: the cross-border merger and acquisition data are from the Zephyr database.<br/></div></td></tr></table>

<div>Sampling procedure for estimating the probability of success.</div>

Complexity

tab2

Table 2

Table 2: Optimal Decision-Making in Chinese Cross-Border Mergers and Acquisitions: A Perspective of Overbidding 