Proceedings of the 2nd International Conference on Bigdata Blockchain and Economy Management, ICBBEM 2023, May 19–21, 2023, Hangzhou, China

Research Article

Historical Factors, National Distance and Cross-border M&A

Download163 downloads
  • @INPROCEEDINGS{10.4108/eai.19-5-2023.2334227,
        author={Caixing  Liu and Ranran  Lv},
        title={Historical Factors, National Distance and Cross-border M\&A},
        proceedings={Proceedings of the 2nd International Conference on Bigdata Blockchain and Economy Management, ICBBEM 2023, May 19--21, 2023, Hangzhou, China},
        publisher={EAI},
        proceedings_a={ICBBEM},
        year={2023},
        month={7},
        keywords={historical factors; m\&a; national distance},
        doi={10.4108/eai.19-5-2023.2334227}
    }
    
  • Caixing Liu
    Ranran Lv
    Year: 2023
    Historical Factors, National Distance and Cross-border M&A
    ICBBEM
    EAI
    DOI: 10.4108/eai.19-5-2023.2334227
Caixing Liu1,*, Ranran Lv1
  • 1: Beijing Jiaotong University
*Contact email: 991350945@qq.com

Abstract

Cross-border M&A can enable enterprises to obtain the core technology and management system required for transformation and upgrading,. Therefore, the issue of how to better guarantee the implementation of cross-border M&A by enterprises is becoming increasingly important. This paper collects the data of cross-border mergers and acquisitions from SDC database from 1975-2021 as the research sample, selects the national factors of cultural distance, institutional distance, geographical distance, colonial experience and other dimensions, and enterprise-level factors such as the cost of starting enterprises, the time spent in starting enterprises, and uses fixed effects to control the size of national GDP and population, and uses OLS, Probit, Poisson regression method studies the influence mechanism of historical factors and national distance on cross-border M&A of enterprises, hoping to provide reference for the decision-making process of cross-border M&A.