The impact of digital transformation on corporate cross-border mergers and acquisitions

Mingyue Zhang and Donghui Peng

Finance Research Letters, 2023, vol. 58, issue PB

Abstract: This paper examines how corporate digital transformation improves the success rate of corporate cross-border M&A and explores the mediating role of internal management quality based on the data of cross-border transaction M&A of Chinese listed companies from 2009 to 2022. The study shows that digital transformation can significantly improve the success rate of cross-border M&A, enhance the information advantage of firms, improve information asymmetry, and improve internal management quality; internal management quality plays a mediating role between digital transformation and the success rate of cross-border M&A and these findings still hold after robustness tests.

Keywords: Digital transformation; Internal management; Cross-border M&A; Information advantage (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pb:s1544612323007997

DOI: 10.1016/j.frl.2023.104427

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