Proceedings of the 4th International Conference on Economic Management and Big Data Applications, ICEMBDA 2023, October 27–29, 2023, Tianjin, China

Research Article

Impact of Mergers and Acquisitions on Innovation Performance in Listed Chinese Medicine Enterprise

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  • @INPROCEEDINGS{10.4108/eai.27-10-2023.2341987,
        author={Yulin  Liang and Yunli  Wang and Peilin  Kou and Shunlin  Xu},
        title={Impact of Mergers and Acquisitions on Innovation Performance in Listed Chinese Medicine Enterprise},
        proceedings={Proceedings of the 4th International Conference on Economic Management and Big Data Applications, ICEMBDA 2023, October 27--29, 2023, Tianjin, China},
        publisher={EAI},
        proceedings_a={ICEMBDA},
        year={2024},
        month={1},
        keywords={listed chinese medicine enterprise; technical mergers and acquisitions; fixed effect model; innovation performance},
        doi={10.4108/eai.27-10-2023.2341987}
    }
    
  • Yulin Liang
    Yunli Wang
    Peilin Kou
    Shunlin Xu
    Year: 2024
    Impact of Mergers and Acquisitions on Innovation Performance in Listed Chinese Medicine Enterprise
    ICEMBDA
    EAI
    DOI: 10.4108/eai.27-10-2023.2341987
Yulin Liang1, Yunli Wang1,*, Peilin Kou2, Shunlin Xu1
  • 1: Hubei University of Chinese medicine
  • 2: Henan University
*Contact email: gl2905@hbtcm.edu.cn

Abstract

Objective To provides a reference for the mergers and acquisitions activities of listed enterprises of Chinese medicine. Methods Taking listed Chinese medicine enterprise as the research object, the technical mergers and acquisitions occurred in 2010-2022 as the sample, proposed research assumptions based on literature research.. Subsequently, the empirical test was did on fixed effect model. Results The technical mergers and acquisitions had obvious promotion effect on the invention patents, sustainable inhibitory effect on the practical new patent, and no significant impact on the appearance patent and the total patent. Conclusion The technical mergers and acquisitions promoted the technological innovation of Chinese medicine enterprises. It was recommended that Chinese medicine enterprises should attach importance to the ability of integrating resources and the absorption of technical knowledge.