The influence of CSR on cross-border mergers and acquisitions

Hongxia Feng, Bowen Yang and Pratikshya Bhandari

Finance Research Letters, 2024, vol. 70, issue C

Abstract: This paper conducts a comprehensive analysis of Chinese enterprises' cross-border mergers and acquisitions (M&A) events from 2012 to 2022, investigating the influence of corporate social responsibility (CSR) levels on cross-border M&A within the Chinese context. The research reveals that enterprises with higher CSR scores tend to experience lower success rates in cross-border M&A. Both internal and external CSR dimensions exhibit negative impacts on cross-border M&A, with external CSR demonstrating a more pronounced adverse effect. Notably, a history of successful cross-border M&A outcomes significantly enhances the likelihood of smoothly completed future transactions..

Keywords: Corporate social responsibility; Cross-border mergers and acquisitions; Corporate ownership (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:70:y:2024:i:c:s1544612324013023

DOI: 10.1016/j.frl.2024.106273

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