Digital finance, life cycle, and enterprise mergers and acquisitions

Zhen Peng, Fan Bai and Feng Zhao

Finance Research Letters, 2024, vol. 67, issue PB

Abstract: This study examine the relationship between digital finance and enterprise mergers and acquisitions. The study finds that: (1) Digital finance can significantly increase the probability of enterprise mergers and acquisitions; (2) The impact of digital finance on mergers and acquisitions varies across different enterprise life cycle stages, specifically in the growth and maturity stages, where the positive impact of digital finance on enterprise mergers and acquisitions is more significant; (3) The positive impact of digital finance on enterprise mergers and acquisitions ultimately significantly improves enterprise performance.

Keywords: Digital finance; Mergers and acquisitions; Enterprise life cycle; Enterprise performance (search for similar items in EconPapers)
JEL-codes: D24 O32 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:67:y:2024:i:pb:s1544612324008146

DOI: 10.1016/j.frl.2024.105784

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