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Cohen, L., Frazzini, A., & Malloy, C. (2008). The Small World of Investing: Board Connections and Mutual Fund Returns. Journal of Political Economy, 116, 951-979.
https://doi.org/10.1086/592415

has been cited by the following article:

• TITLE: An Empirical Analysis on the Risk Reduction Effect of Chinese Enterprises Cross-Border Acquisitions by International Students in China

  AUTHORS: Bio Sia Seko Baga Bio Maro

  KEYWORDS: International Students in China, Country Risk, Cross-Border M&A

  JOURNAL NAME: Open Journal of Business and Management, Vol.13 No.3, May 28, 2025

  ABSTRACT: International students are becoming increasingly significant in the economy and society due to globalization. This paper uses the data of cross-border M&A of Chinese enterprises from 2003 to 2019 and the data of global international students in China to investigate the impact of international students in China on overseas M&A of Chinese enterprises. Our analysis shows that non-degree program students in China have a more significant impact on Chinese enterprises’ overseas M&A than degree program students. Overseas students in China promote the development of Chinese enterprises’ overseas M&A but also encourage Chinese enterprises to carry out M&A in the target country by lowering the target country’s national risk. The results of the heterogeneity analysis show that there are differences in market types and purposes for studying in China.