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http://bura.brunel.ac.uk/handle/2438/28453| Title: | The post‐acquisition performance of cross‐border mergers and acquisitions conducted by Chinese firms in the high‐tech industries: Profitable or innovative? |
| Authors: | Yang, M Ai, Q |
| Keywords: | Chinese firms;high-tech industries;innovativeness;performance of cross-border M&As;profitability |
| Issue Date: | 22-Feb-2021 |
| Publisher: | Wiley |
| Citation: | Yang, M. and Ai, Q. (2021) 'The post‐acquisition performance of cross‐border mergers and acquisitions conducted by Chinese firms in the high‐tech industries: Profitable or innovative?', Thunderbird International Business Review, 63 (3), pp. 355 - 367. doi: 10.1002/tie.22192. |
| Abstract: | This article examines the characteristics and performance of cross-border mergers and acquisitions (M&As) conducted by Chinese firms in the high-tech industries. Multiple measures of firm performance were used in exploring the profitability and innovativeness of both the acquiring and target firms. With 1,340 cross-border M&As completed between 1990 and 2014, the major characteristics of these deals (e.g., industries of acquiring firms, countries of target firms, and the level of ownership) were identified. In terms of the performance of acquiring and target firms, the value creation hypothesis was supported by the innovation measure; however, it was not supported by accounting-based measures. The implications of this study and directions for future research are thus discussed. |
| URI: | https://bura.brunel.ac.uk/handle/2438/28453 |
| DOI: | https://doi.org/10.1002/tie.22192 |
| ISSN: | 1096-4762 |
| Appears in Collections: | Brunel Business School Research Papers |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| FullText.pdf | Copyright © 2021 Wiley Periodicals LLC. This is the peer reviewed version of the following article: Yang M, Ai Q. The post-acquisition performance of cross-border mergers and acquisitions conducted by Chinese firms in the high-tech industries: Profitable or innovative? Thunderbird Int. Bus. Rev. 2021; 63: 355–367, which has been published in final form at https://doi.org/10.1002/tie.22192. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions (see: https://authorservices.wiley.com/author-resources/Journal-Authors/licensing/self-archiving.html). | 394.12 kB | Adobe PDF | View/Open |
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