Do Chinese firms benefit from government ownership following cross-border acquisitions?

Chinese firms’ increasing cross-border acquisitions (CBAs) in recent years seem to challenge the explanatory power of received theories multinational enterprise (MNE) due their relatively unique characteristics and active role government. In this study, we seek revisit contextualize OLI paradigm conjunction with institution-based view examine how post-CBA long term performance is associated government ownership. Our study shows that firms more ownership demonstrate better performance. However, above relationship differentially moderated by such firm-level boundary conditions as political connections financial slack, country-level institutional (i.e., host country formal institutions home-host cultural distance). We discuss our findings detail explore theoretical practical implications for both other emerging economy (EE) firms.