File(s) under embargo

Reason: 18 month publisher embargo

11

month(s)

15

day(s)

until file(s) become available

Financial pre-factors for post-performance of cross-border mergers & acquisitions

journal contribution
posted on 11.10.2021, 09:39 by Ying Zhang, Marcel Ausloos
We study mergers and acquisitions (M&A) when one company is Chinese and another company is outside China. Previous studies are still much lacking considerations on financial factors affecting subsequent performance of such multinational (or ‘cross-border’) M&A. Here, a few (5) influencing factors are tested through a multiple linear regression model for 100 listed companies over [2016–2018]. We examine the role of (i) the mode of payment, (ii) cultural differences, (iii) industry differences, (iv) company scale and (v) the shareholding ratio. The research denotes that the payment method and the shareholding ratio of the largest shareholder have both a positive correlation with the performance in the year of the M&A and in the following one,–whatever the industries differences and companies sizes.

History

Citation

Journal of Chinese Economic and Business Studies, 19, 2, pp. 147-161. https://doi.org/10.1080/14765284.2021.1905480

Author affiliation

School of Business

Version

AM (Accepted Manuscript)

Published in

Journal of Chinese Economic and Business Studies

Volume

19

Issue

2

Pagination

147 - 161

Publisher

Informa UK Limited t/a Taylor & Francis

issn

1476-5284

eissn

1476-5292

Copyright date

2021

Available date

12/10/2022

Language

en