{"id":"https://openalex.org/W4390861579","doi":"https://doi.org/10.1016/j.jbusres.2024.114503","title":"Do environmental regulations drive MNEs\u2019 equity ownership? Considering the impact of exogenous shocks on MNEs\u2019 cross-border acquisitions","display_name":"Do environmental regulations drive MNEs\u2019 equity ownership? Considering the impact of exogenous shocks on MNEs\u2019 cross-border acquisitions","publication_year":2024,"publication_date":"2024-01-14","ids":{"openalex":"https://openalex.org/W4390861579","doi":"https://doi.org/10.1016/j.jbusres.2024.114503"},"language":"en","primary_location":{"id":"doi:10.1016/j.jbusres.2024.114503","doi":"https://doi.org/10.1016/j.jbusres.2024.114503","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.jbusres.2024.114503","pdf_url":null,"source":{"id":"https://openalex.org/S93284759","display_name":"Journal of Business Research","issn_l":"0148-2963","issn":["0148-2963","1873-7978"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","ki-jl-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Business Research","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://doi.org/10.1016/j.jbusres.2024.114503","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5052653621","display_name":"Wootae Chun","orcid":"https://orcid.org/0000-0001-5491-3110","observed_orcids":["https://orcid.org/0000-0001-5491-3110"]},"institutions":[{"id":"https://openalex.org/I151934421","display_name":"University of Northern British Columbia","ror":"https://ror.org/025wzwv46","country_code":"CA","type":"education","lineage":["https://openalex.org/I151934421"]}],"countries":["CA"],"is_corresponding":false,"raw_author_name":"Wootae Chun","raw_affiliation_strings":["University of Northern British Columbia, School of Business, 3333 University Way, Prince George, BC V2N 4Z9, Canada"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Northern British Columbia, School of Business, 3333 University Way, Prince George, BC V2N 4Z9, Canada","institution_ids":["https://openalex.org/I151934421"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5100411921","display_name":"Zhan Wang","orcid":"https://orcid.org/0000-0002-7782-9138","observed_orcids":["https://orcid.org/0000-0002-7782-9138"]},"institutions":[{"id":"https://openalex.org/I173963315","display_name":"St. Cloud State University","ror":"https://ror.org/016czhx14","country_code":"US","type":"education","lineage":["https://openalex.org/I173963315","https://openalex.org/I91221267"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Zhan Wang","raw_affiliation_strings":["Saint Cloud State University, Herberger Business School, 720 Fourth Avenue South, Saint Cloud, MN 56301-4498, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Saint Cloud State University, Herberger Business School, 720 Fourth Avenue South, Saint Cloud, MN 56301-4498, USA","institution_ids":["https://openalex.org/I173963315"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5103212084","display_name":"Hyun Gon Kim","orcid":"https://orcid.org/0000-0002-2614-0314","observed_orcids":["https://orcid.org/0000-0002-2614-0314"]},"institutions":[{"id":"https://openalex.org/I102322142","display_name":"Rutgers, The State University of New Jersey","ror":"https://ror.org/05vt9qd57","country_code":"US","type":"education","lineage":["https://openalex.org/I102322142"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Hyun Gon Kim","raw_affiliation_strings":["Rutgers, the State University of New Jersey, the School of Business-Camden, 227 Penn Street, Camden, NJ 08102, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Rutgers, the State University of New Jersey, the School of Business-Camden, 227 Penn Street, Camden, NJ 08102, USA","institution_ids":["https://openalex.org/I102322142"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5103212084"],"corresponding_institution_ids":["https://openalex.org/I102322142"],"apc_list":{"value":3820,"currency":"USD","value_usd":3820},"apc_paid":{"value":3820,"currency":"USD","value_usd":3820},"fwci":2.1846,"has_fulltext":false,"cited_by_count":10,"citation_normalized_percentile":{"value":0.87979106,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"174","issue":null,"first_page":"114503","last_page":"114503"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10415","display_name":"International Business and FDI","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10415","display_name":"International Business and FDI","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10907","display_name":"International Student and Expatriate Challenges","score":0.0,"subfield":{"id":"https://openalex.org/subfields/3315","display_name":"Communication"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/environmental-regulation","display_name":"environmental regulation","score":0.671999990940094},{"id":"https://openalex.org/keywords/stock-ownership","display_name":"stock ownership","score":0.8289999961853027},{"id":"https://openalex.org/keywords/cross-border-acquisitions","display_name":"cross-border acquisitions","score":0.9430000185966492},{"id":"https://openalex.org/keywords/multinational-corporations","display_name":"multinational corporations","score":0.9490000009536743},{"id":"https://openalex.org/keywords/environmental-capabilities","display_name":"environmental capabilities","score":0.906000018119812},{"id":"https://openalex.org/keywords/external-shocks","display_name":"external shocks","score":0.7689999938011169},{"id":"https://openalex.org/keywords/covid-19","display_name":"COVID-19 pandemic","score":0.8759999871253967},{"id":"https://openalex.org/keywords/institutional-theory","display_name":"institutional theory","score":0.8859999775886536}],"concepts":[{"id":"https://openalex.org/C158016649","wikidata":"https://www.wikidata.org/wiki/Q161726","display_name":"Multinational corporation","level":2,"score":0.8343030214309692},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.736594557762146},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5775874853134155},{"id":"https://openalex.org/C2985274072","wikidata":"https://www.wikidata.org/wiki/Q328798","display_name":"Environmental regulation","level":2,"score":0.5270302891731262},{"id":"https://openalex.org/C2776746854","wikidata":"https://www.wikidata.org/wiki/Q11430545","display_name":"Foreign ownership","level":3,"score":0.48805487155914307},{"id":"https://openalex.org/C178300618","wikidata":"https://www.wikidata.org/wiki/Q1898509","display_name":"Extant taxon","level":2,"score":0.4774535298347473},{"id":"https://openalex.org/C155202549","wikidata":"https://www.wikidata.org/wiki/Q178803","display_name":"International trade","level":1,"score":0.3590669333934784},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.3412964642047882},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3368934988975525},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.33503609895706177},{"id":"https://openalex.org/C33842695","wikidata":"https://www.wikidata.org/wiki/Q490513","display_name":"Foreign direct investment","level":2,"score":0.32561665773391724},{"id":"https://openalex.org/C100001284","wikidata":"https://www.wikidata.org/wiki/Q2248246","display_name":"Public economics","level":1,"score":0.23431390523910522},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.18551349639892578},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.06473371386528015},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C78458016","wikidata":"https://www.wikidata.org/wiki/Q840400","display_name":"Evolutionary biology","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1016/j.jbusres.2024.114503","doi":"https://doi.org/10.1016/j.jbusres.2024.114503","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.jbusres.2024.114503","pdf_url":null,"source":{"id":"https://openalex.org/S93284759","display_name":"Journal of Business Research","issn_l":"0148-2963","issn":["0148-2963","1873-7978"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","ki-jl-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Business Research","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eee:jbrese:v:174:y:2024:i:c:s0148296324000079","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S0148296324000079","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.1016/j.jbusres.2024.114503","doi":"https://doi.org/10.1016/j.jbusres.2024.114503","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.jbusres.2024.114503","pdf_url":null,"source":{"id":"https://openalex.org/S93284759","display_name":"Journal of Business Research","issn_l":"0148-2963","issn":["0148-2963","1873-7978"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","ki-jl-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Business Research","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":124,"referenced_works":["https://openalex.org/W12419775","https://openalex.org/W761715046","https://openalex.org/W784055941","https://openalex.org/W1500806138","https://openalex.org/W1686541179","https://openalex.org/W1968468994","https://openalex.org/W1977125302","https://openalex.org/W1983225417","https://openalex.org/W1983623443","https://openalex.org/W1993565277","https://openalex.org/W1994155799","https://openalex.org/W1994771258","https://openalex.org/W1994954934","https://openalex.org/W1999101566","https://openalex.org/W1999358472","https://openalex.org/W2000606396","https://openalex.org/W2002610165","https://openalex.org/W2016976149","https://openalex.org/W2020542384","https://openalex.org/W2022709603","https://openalex.org/W2023778083","https://openalex.org/W2030741893","https://openalex.org/W2034009401","https://openalex.org/W2039717151","https://openalex.org/W2040185617","https://openalex.org/W2042354478","https://openalex.org/W2055189494","https://openalex.org/W2059216155","https://openalex.org/W2062414731","https://openalex.org/W2065611358","https://openalex.org/W2068585062","https://openalex.org/W2069510618","https://openalex.org/W2071828230","https://openalex.org/W2073949349","https://openalex.org/W2080045149","https://openalex.org/W2081897281","https://openalex.org/W2082006326","https://openalex.org/W2090841340","https://openalex.org/W2093578404","https://openalex.org/W2094914587","https://openalex.org/W2095329553","https://openalex.org/W2095429453","https://openalex.org/W2097152148","https://openalex.org/W2101888386","https://openalex.org/W2102416016","https://openalex.org/W2102833802","https://openalex.org/W2103187496","https://openalex.org/W2124805048","https://openalex.org/W2125089956","https://openalex.org/W2129971334","https://openalex.org/W2143943407","https://openalex.org/W2145526872","https://openalex.org/W2146006314","https://openalex.org/W2146637469","https://openalex.org/W2150296980","https://openalex.org/W2159628517","https://openalex.org/W2162412465","https://openalex.org/W2164203096","https://openalex.org/W2178542421","https://openalex.org/W2254429179","https://openalex.org/W2258549556","https://openalex.org/W2283558654","https://openalex.org/W2289202052","https://openalex.org/W2299115868","https://openalex.org/W2320369865","https://openalex.org/W2329473015","https://openalex.org/W2462426779","https://openalex.org/W2493922542","https://openalex.org/W2517362279","https://openalex.org/W2520814338","https://openalex.org/W2520860952","https://openalex.org/W2530919407","https://openalex.org/W2568888941","https://openalex.org/W2624553140","https://openalex.org/W2754719668","https://openalex.org/W2770890765","https://openalex.org/W2773469510","https://openalex.org/W2782403009","https://openalex.org/W2887149139","https://openalex.org/W2902940932","https://openalex.org/W2913733713","https://openalex.org/W2938531267","https://openalex.org/W2944847255","https://openalex.org/W2950521430","https://openalex.org/W2959516160","https://openalex.org/W2994745202","https://openalex.org/W3003257046","https://openalex.org/W3004417047","https://openalex.org/W3005366810","https://openalex.org/W3005533220","https://openalex.org/W3022018215","https://openalex.org/W3026541506","https://openalex.org/W3027011700","https://openalex.org/W3028352916","https://openalex.org/W3028536343","https://openalex.org/W3029658331","https://openalex.org/W3032880621","https://openalex.org/W3033668954","https://openalex.org/W3082734131","https://openalex.org/W3093520258","https://openalex.org/W3121627254","https://openalex.org/W3122143112","https://openalex.org/W3122992005","https://openalex.org/W3123282572","https://openalex.org/W3124103250","https://openalex.org/W3126515656","https://openalex.org/W3132897466","https://openalex.org/W3134044685","https://openalex.org/W3152803478","https://openalex.org/W3167393900","https://openalex.org/W4205490136","https://openalex.org/W4205790053","https://openalex.org/W4220659339","https://openalex.org/W4220876624","https://openalex.org/W4229459566","https://openalex.org/W4237274722","https://openalex.org/W4283826209","https://openalex.org/W4285585453","https://openalex.org/W4293149669","https://openalex.org/W4367296020","https://openalex.org/W4383645823","https://openalex.org/W4386006592","https://openalex.org/W6739138804","https://openalex.org/W6960225939"],"related_works":["https://openalex.org/W4286622204","https://openalex.org/W2588742923","https://openalex.org/W2102416016","https://openalex.org/W2500931853","https://openalex.org/W2202610325","https://openalex.org/W4416005970","https://openalex.org/W68012174","https://openalex.org/W3046096891","https://openalex.org/W2601973428","https://openalex.org/W7154019838"],"abstract_inverted_index":{"Extant":[0],"studies":[1],"of":[2,49,90,98,157,164],"how":[3,18,116],"firms":[4],"respond":[5],"to":[6,16,64],"environmental":[7,31,52,81,84,101,142,144,147,158],"regulations":[8,53],"in":[9,124,136],"devising":[10],"foreign":[11],"expansion":[12],"strategies":[13],"often":[14],"fail":[15],"consider":[17],"multinational":[19],"enterprises\u2019":[20],"(MNEs)":[21],"equity":[22,58,92,134,165,175],"ownership":[23,93,135,176],"decision-making":[24,94],"might":[25],"depend":[26],"on":[27,39],"the":[28,42,47,88,96,152,155,162,168],"host":[29,50,99,137],"country's":[30],"regulations.":[32,102],"To":[33],"advance":[34],"a":[35],"conceptual":[36],"framework":[37],"based":[38],"institutional":[40],"theory,":[41],"current":[43],"study":[44,113],"tests":[45],"whether":[46,80],"stringency":[48,97,160,173],"country":[51],"influences":[54],"MNEs'":[55,91,121],"decisions":[56,123],"about":[57],"ownership.":[59,166],"Novel,":[60],"recent":[61],"data":[62],"pertaining":[63],"3,679":[65],"cross-border":[66],"acquisition":[67],"(CBA)":[68],"deals":[69],"by":[70],"1,135":[71],"MNEs":[72,131,180],"from":[73],"30":[74],"countries":[75,138],"also":[76,114],"provide":[77],"insights":[78],"into":[79],"capabilities":[82,145],"and":[83,95,146,161,174],"regulation":[85,148,159,172],"distance":[86,149],"affect":[87],"relationships":[89],"countries'":[100],"Because":[103],"exogenous":[104,117,183],"shocks,":[105],"such":[106,185],"as":[107,186],"COVID-19,":[108],"create":[109],"notable":[110],"disruptions,":[111],"this":[112],"considers":[115],"shocks":[118],"have":[119],"influenced":[120],"strategic":[122],"international":[125],"markets.":[126],"The":[127],"results":[128],"reveal":[129],"that":[130],"choose":[132],"higher":[133],"with":[139],"more":[140],"stringent":[141],"regulations;":[143],"positively":[150],"moderate":[151],"relationship":[153],"between":[154,170],"degree":[156],"level":[163],"Finally,":[167],"links":[169],"environment":[171],"grow":[177],"stronger":[178],"when":[179],"experience":[181],"an":[182],"shock":[184],"COVID-19.":[187]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":1}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2024-01-15T00:00:00"}