 The short and long-term effects of cross-border M&A network on Chinese enterprises’ green innovationYibing Ding, Jing Li and Yuqi Tian Economic Modelling, 2024, vol. 134, issue C Abstract: How does cross-border mergers and acquisitions (M&A) network affect green innovation? To achieve pollution management and circular economy development, green innovation is the key path. However, little literature investigated the influence of cross-border M&A on green innovation from a network perspective. Using Chinese listed companies and an original database sourced from Zephyr of cross-border M&A deals from 2009 to 2019, this paper examines the short and long-term impact of the network on green innovation of Chinese corporations. It is suggested that the network plays a positive role in green innovation, which is not pronounced in the short term, but obvious in the long run. We further demonstrate that the long-term facilitating role is more evident for large enterprises, heavily polluting enterprises, non-high-tech enterprises, enterprises with deep knowledge base, and enterprises without myopic managers. Moreover, the long-term positive impact of cross-border M&A network on green innovation is augmented by corporate environmental responsibility and mitigated by government environmental protection subsidies. Keywords: Cross-border M&A network; Green innovation; Short-term effect; Long-term effect (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:134:y:2024:i:c:s0264999324000609 DOI: 10.1016/j.econmod.2024.106704 Access Statistics for this article Economic Modelling is currently edited by S. Hall and P. Pauly More articles in Economic Modelling from Elsevier |
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