The impact of Chinese companies' cross-border mergers and acquisitions on the stock market and shareholders

For the developing of companies, cross-border mergers and acquisitions have increasingly begun to be a main way for companies to go to the world and obtain more resources and benefits. Cross-border mergers and acquisitions also act a pivotal part in in the development of the world economy. Therefore...

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Bibliographic Details
Main Author: Xin, Lian
Format: Dissertation (University of Nottingham only)
Language:English
Published: 2020
Subjects:
Online Access:https://eprints.nottingham.ac.uk/61885/
Description
Summary:For the developing of companies, cross-border mergers and acquisitions have increasingly begun to be a main way for companies to go to the world and obtain more resources and benefits. Cross-border mergers and acquisitions also act a pivotal part in in the development of the world economy. Therefore, both developed and emerging economic markets are very concerned about transboundary mergers and acquisitions. As an emerging economic power, China is acting an increasingly pivotal part in the developing of the world economy, and Chinese corporations have gradually accelerated the pace of transboundary mergers and acquisitions. More and more companies have started transboundary mergers and acquisitions to occupy the world market. So, how do Chinese corporations’ cross-border mergers and acquisitions respond to the stock market? Will the political stability and governance quality of the target company's country affect the development of cross-border mergers and acquisitions? Does the ownership status of Chinese corporations exert an influence on companies' cross-border mergers and acquisitions? To answer above questions, first of all, I use the collected data to analyze the impact of Chinese companies on the stock market after transboundary mergers and acquisitions. Then I analyzed the political risks in the country where the acquired company is located and explored whether these factors will exert influence on the conduct of transboundary mergers and acquisitions. Simultaneously, I analyzed which state-owned enterprise or private enterprise will bring more benefits to shareholders. After analyzing the data, I give conclusions and make some suggestions.