Research suggests (Chapter 7 Strategic Focus)that government ownership of emerging economy firms leads to overpayment in cross-border acquisitions and that overpayment reduces value for minority shareholders (nongovernment shareholders).

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Research suggests that government ownership of emerging economy firms leads to overpayment in cross-border acquisitions, which in turn reduces value for minority shareholders.

Research Suggests (Chapter 7 Strategic Focus)that Government Ownership of Emerging