102065 20210902121613.0 doi 10.1016/j.jwb.2019.101046 sideral 115735 ART-2020-115735 eng Fuentelsaz, Lucio Universidad de Zaragoza (orcid)0000-0002-9002-6727 Ownership in cross-border acquisitions and entry timing of the target firm 2020 Access copy available to the general public Unrestricted We examine how the entry timing of targets influences the initial and the post-entry percentage of ownership acquired by multinationals. We argue that targets that have entered earlier into the market launch signals of lower uncertainty in contexts where first-mover advantages exist. As a consequence, multinationals are willing to buy higher levels of ownership in these early entrant targets and to increase their participation in the subsidiary equity in the post-entry stage. Finding support for these relationships, we study how market age and innovative behaviour of the target reduce the importance of leading time as determinant of the ownership decision. info:eu-repo/grantAgreement/ES/DGA-FSE/S54-17R info:eu-repo/grantAgreement/ES/MINECO-FEDER/ECO2017-85451-R info:eu-repo/grantAgreement/ES/UZ/JIUZ-2017-SOC-08 info:eu-repo/semantics/openAccess by-nc-nd http://creativecommons.org/licenses/by-nc-nd/3.0/es/ 8.513 2020 BUSINESS 23 / 153 = 0.15 2020 Q1 T1 3.607 2020 Business and International Management 2020 Q1 Marketing 2020 Q1 Finance 2020 Q1 info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion Garrido, Elisabet Universidad de Zaragoza (orcid)0000-0002-5071-0858 González, Minerva Universidad de Zaragoza (orcid)0000-0002-2143-2764 4012 650 Universidad de Zaragoza Dpto. Direcc.Organiza.Empresas Área Organización de Empresas 55, 2 (2020), 101046 1-18 JOURNAL OF WORLD BUSINESS 1090-9516 422076 http://zaguan.unizar.es/record/102065/files/texto_completo.pdf Postprint 1496774 http://zaguan.unizar.es/record/102065/files/texto_completo.jpg?subformat=icon icon Postprint oai:zaguan.unizar.es:102065 articulos driver 2021-09-02-08:42:13 ARTICLE