Uncertainty and China’s cross-border mergers and acquisitions
Bibliographic Data
| ID | 12550010 |
|---|---|
| Authors | Yanming Sun (0000-0001-7416-767X, Institute for Global Innovation and Development, East China Normal University, Shanghai, China), Shuhan Duan (East China Normal University), Lili Wang (0000-0002-0082-8487, University of International Business and Economics, corresponding author), Caili Yang (Renmin University of China) |
| Year | 2022 |
| Volume | 27 |
| Issue | 3 |
| Pages | 515-533 |
| Publication date | 2022-06-18 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of the Asia Pacific Economy (JOURNAL) |
| Journal identifiers | ISSN: 1354-7860 • E-ISSN: 1469-9648 |
| Publisher | Routledge (PUBLISHER • GB) |
| DOI | 10.1080/13547860.2022.2088511 |
| OpenAlex | W4283124233 |
| Language | EN |
| Citations received | 1 |
| References cited | 29 |
This study examines the relationship between uncertainty and China’s cross-border mergers and acquisitions (M&As). Based on 1847 cross-border M&A deals made by Chinese firms in 130 countries and regions over the period of 2002 − 2018, we find that Chinese acquirers are less likely to conduct cross-border M&A deals when uncertainty is high in the target country. The results are robust to alternative samples and measures of uncertainty. Furthermore, we find that uncertainty has a dynamic impact on China’s cross-border M&As. Variations in the economic environment close to the time of an announcement have a greater influence on affecting the final occurrence of M&A transactions than those in a more distant period. Lastly, market conditions are important in shaping the effects of uncertainty on M&As. The negative effects of uncertainty are larger in countries with weaker financial markets and government regulation and lower levels of openness
Border effect · Business · China · Economics · Government (linguistics · International economics · International trade · Mergers and acquisitions · Monetary economics · Openness to experience · Political science · Climate Change Policy and Economics · Energy, Environment, Economic Growth · Market Dynamics and Volatility · Finance
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,5 |
| Citation span | 2024 - 2024 (1) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 1 |