An Empirical Analysis on the Determinants of Cross-Border Mergers and Acquisitions of Chinese Enterprises

Tingting Zhang ()
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Tingting Zhang: Tianjin Foreign Studies University, International Commercial Institute

A chapter in Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023), 2024, pp 1516-1521 from Springer

Abstract: Abstract On the basis of sorting out and analyzing the background of China’s cross-border Mergers and Acquisitions (M&A) and combing relevant literature and theoretical knowledge, this paper selects 47 cross-border M&A data of listed companies on the Shanghai and Shenzhen Stock Exchanges from January 1st, 2019 to December 31st, 2017 and constructs binary Logit model. Eviews software were used to conduct empirical analysis of the factors affecting the success of Chinese companies’ cross-border M&A. The result shows that the enterprise scale and R&D investment are positively related to the possibility of successful cross-border M&A. The nature of enterprise has a significant impact on the possibility of successful cross-border M&A. The three factors of enterprise growth capacity, international M&A experience and share ownership of M&A have not been tested.

Keywords: Cross-border M&A; Enterprise scale; Enterprise R&D investment; Enterprise nature (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-256-9_153

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