Cross-border M&As by Chinese firms: an analysis of strategic motives and performance

Agyenim Boateng, Wang Qian, Yang Tianle

    Research output: Contribution to journalArticle

    Abstract

    This article considers the strategic motivation and performance of Chinese cross-border mergerand- acquisition (M&A) activities of 27 deals that took place in the Shanghai and Shenzhen stock markets in 2000–2004. The study finds that cross-border M&As formation by Chinese firms are primarily motivated by market development (that is, increasing market share) to enable faster entry into new markets, promote diversification, and obtain foreign advanced technology and other resources. In terms of wealth creation, the study finds that cross-border M&As create value for Chinese acquiring firms.
    Original languageEnglish
    Pages (from-to)259-270
    Number of pages22
    JournalThunderbird International Business Review
    Volume50
    Issue number4
    DOIs
    Publication statusPublished - Jul 2008

    Keywords

    • China
    • mergers and acquisitions
    • business and management students

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