Table 10 Heterogeneity analysis results of cross-border mergers and acquisitions in the same industry and non-same industry.
| Â | cbma | |
|---|---|---|
Cross-border mergers and acquisitions in the same industry | Cross-border mergers and acquisitions in different industries | |
Policy | 0.032*** (3.782) | 0.018*** (2.093) |
Control variable | Yes | Yes |
Effect of individual fixation | Yes | Yes |
The effect of time fixation | Yes | Yes |
N | 12,821 | 8451 |
