Cross-border mergers and acquisitions in China: An industry panel study, 1991-2005Citation formats

Standard

Cross-border mergers and acquisitions in China: An industry panel study, 1991-2005. / Zou, Huan; Simpson, Paul.

In: Asia Pacific Business Review, Vol. 14, No. 4, 2008, p. 491-512.

Research output: Contribution to journalArticlepeer-review

Harvard

APA

Vancouver

Author

Zou, Huan ; Simpson, Paul. / Cross-border mergers and acquisitions in China: An industry panel study, 1991-2005. In: Asia Pacific Business Review. 2008 ; Vol. 14, No. 4. pp. 491-512.

Bibtex

@article{d491f1a56219435597bd5618d3c2f7ae,
title = "Cross-border mergers and acquisitions in China: An industry panel study, 1991-2005",
abstract = "Employing a panel database, this article investigates empirically the behaviour, at an industry level, of cross-border mergers and acquisitions (M&As) in the People's Republic of China for the period 1991-2005. The study reports that many of the cross-border M&As over the past decades in China have been driven by broad fundamental factors, such as industry size and profitability. Moreover, technological intensity is significantly associated with the level of acquisition activity, indicating the tendency that intangible resources and intellectual capability favour more acquisition into China. It is found that deregulation, as a specific industry shock, affects acquisition activities significantly. The findings, it is concluded, have important managerial and policy implications.",
keywords = "China, Deregulation, Foreign direct investment, Industry shock, Mergers and acquisitions, Panel data",
author = "Huan Zou and Paul Simpson",
year = "2008",
doi = "10.1080/13602380701437460",
language = "English",
volume = "14",
pages = "491--512",
journal = "Asia Pacific Business Review",
issn = "1360-2381",
publisher = "Routledge",
number = "4",

}

RIS

TY - JOUR

T1 - Cross-border mergers and acquisitions in China: An industry panel study, 1991-2005

AU - Zou, Huan

AU - Simpson, Paul

PY - 2008

Y1 - 2008

N2 - Employing a panel database, this article investigates empirically the behaviour, at an industry level, of cross-border mergers and acquisitions (M&As) in the People's Republic of China for the period 1991-2005. The study reports that many of the cross-border M&As over the past decades in China have been driven by broad fundamental factors, such as industry size and profitability. Moreover, technological intensity is significantly associated with the level of acquisition activity, indicating the tendency that intangible resources and intellectual capability favour more acquisition into China. It is found that deregulation, as a specific industry shock, affects acquisition activities significantly. The findings, it is concluded, have important managerial and policy implications.

AB - Employing a panel database, this article investigates empirically the behaviour, at an industry level, of cross-border mergers and acquisitions (M&As) in the People's Republic of China for the period 1991-2005. The study reports that many of the cross-border M&As over the past decades in China have been driven by broad fundamental factors, such as industry size and profitability. Moreover, technological intensity is significantly associated with the level of acquisition activity, indicating the tendency that intangible resources and intellectual capability favour more acquisition into China. It is found that deregulation, as a specific industry shock, affects acquisition activities significantly. The findings, it is concluded, have important managerial and policy implications.

KW - China

KW - Deregulation

KW - Foreign direct investment

KW - Industry shock

KW - Mergers and acquisitions

KW - Panel data

U2 - 10.1080/13602380701437460

DO - 10.1080/13602380701437460

M3 - Article

VL - 14

SP - 491

EP - 512

JO - Asia Pacific Business Review

JF - Asia Pacific Business Review

SN - 1360-2381

IS - 4

ER -