By Xianmin Liu
What is CGR PhD's research about? Introducing research projects of CGR PhD members
My research aims to explore the relationship between corporate social responsibility (CSR) and the success of cross-border M&As by Chinese A-share listed firms to extend our understanding of why and how Chinese firms pay more attention to CSR performance in initiating cross-border M&A and going global.
In the last three decades, both the value and number of cross-border mergers and acquisitions (M&A) have soared in waves (Xu, 2017). As a majority of foreign direct investment (FDI) (Albuquerque et al., 2019), cross-border M&As have become more prevalent to gain such as strategic assets, natural resources, market power and synergistic effect. Accordingly, the extant researches in cross-border M&A are also rapidly increasing, especially in emerging market countries like China (Karolyi and Liao, 2017; Li, Li and Wang, 2019; Schweizer, Walker and Zhang, 2019), which is the biggest developing country and overtook Japan as the second-largest economy in the world since 2010. In addition, China is still a transitional nation and has a transformational and proactive government, promoting studies in cross-border M&A under the institutional environment with Chinese characteristics as well.
Source: Thomson Reuters Eikon M&A database, compiled by the author.
Note: Completion rate of cross-border M&A is the ratio of the number of completed cross-border M&A deals recorded by Eikon to the total number of announced cross-border M&A deals. Dotted line of China2 excluded the targets in Hong Kong, Macau and Taiwan, because they are special administrative region (SAR) of China.Read More »