Open Access Open Access  Restricted Access Subscription Access

Impact of Cultural Differences on the Results of Overseas Mergers and Acquisitions by Chinese Enterprises


Affiliations
1 Donlinks School of Economics and Management, University of Science and Technology Beijing, No. 30, Xueyuan Road, Haidian District, Beijing, 100083, China
 

This study examines 154 Chinese enterprises that completed overseas mergers and acquisitions (M&As) between 2008 and 2017. Based on Hofstede's cultural dimension theory, the cultural distance variable is calculated and the short-term impact of cultural differences on Chinese enterprises’ overseas M&As outcomes is then quantitatively analyzed through multiple linear regression analysis.

Keywords

Cultural Differences, Overseas M & As, Effect of M & As.
User
Notifications
Font Size

  • Feng M & Zheng Z F, An empirical study on the factors influencing the performance of Chinese enterprises' overseas m & a, Macroeconomics, (01) (2016) 93-100.
  • Sun S W, He X J &Wang C, Cultural Distance and Corporate Value Created via Overseas M&A, Finance & Trade Economics, 39(06) (2018) 130-146.
  • Pei Z & Peng F, Cultural Distance and Chinese Overseas M&A Performance: An Empirical Study Based on Cross-border M&A Experience, Econ Survey, 36(05) (2019) 72-78.
  • Yan B, Modeling the Effects of Innovative Leadership on Productivity and Profitability, J Sci Ind Res, 77(03) (2018) 164-167.
  • Feng M, Yu K H, Wang X Y & Hao R. An Empirical Analysis on the Influence of Technological Innovation on Performance of Iron and Steel Industry, J Sci Ind Res, 76(07) (2017) 397-400.
  • Fernández-Gámez M A, del Castillo A, Alaminos D, Santos J A C & Alcoforado E, Corporate Reputation, Financial Performance and Earnings Quality, J Sci Ind Res, 78(01) (2019) 15-18.
  • Hsieh K L, Achieving yield construction and process analysis in TFT-LCD industry based on critical layers and areas, J Sci Ind Res, 66(11) (2007) 891-897.

Abstract Views: 1

PDF Views: 0




  • Impact of Cultural Differences on the Results of Overseas Mergers and Acquisitions by Chinese Enterprises

Abstract Views: 1  |  PDF Views: 0

Authors

Mei Feng
Donlinks School of Economics and Management, University of Science and Technology Beijing, No. 30, Xueyuan Road, Haidian District, Beijing, 100083, China
Chu Chen
Donlinks School of Economics and Management, University of Science and Technology Beijing, No. 30, Xueyuan Road, Haidian District, Beijing, 100083, China
Kuan Wang
Donlinks School of Economics and Management, University of Science and Technology Beijing, No. 30, Xueyuan Road, Haidian District, Beijing, 100083, China

Abstract


This study examines 154 Chinese enterprises that completed overseas mergers and acquisitions (M&As) between 2008 and 2017. Based on Hofstede's cultural dimension theory, the cultural distance variable is calculated and the short-term impact of cultural differences on Chinese enterprises’ overseas M&As outcomes is then quantitatively analyzed through multiple linear regression analysis.

Keywords


Cultural Differences, Overseas M & As, Effect of M & As.

References