資源描述：
《Cross-Border M&As by Chinese Firms An Analysis from an Institutional Point of View》由會員上傳分享，免費在線閱讀，更多相關(guān)內(nèi)容在學(xué)術(shù)論文-天天文庫。
1、SubmittedinpartfulfilmentoftherequirementsforthedegreeofMasterofSciencein:InternationalFinancialManagementCross-BorderM&AsbyChineseFirms:AnAnalysisfromanInstitutionalPointofViewbyMengyaoLiFacultyofArtsandSocialSciencesUniversityofSurreySeptember2016Wordcount:?MengyaoLICross-BorderM&A
2、sbyChineseFirms:AnAnalysisfromanInstitutionalPointofViewContents1.Introduction12.LiteratureReviewandTheoreticalFoundation52.1MotivesofCBMA52.1.1AccessandAcquisitionofResourcesandTechnology62.1.2Diversification72.1.3EntryintoForeignMarket82.2.InstitutionalenvironmentandCBMAMotives83.T
3、heoreticalFrameworkandPropositions103.1TheExternalInstitutionalEnvironmentlevel:TheRoleoftheGovernment113.2TheInternalInstitutionalEnvironmentLevel:theInfluenceofOwnershipStructure124.ResearchMethod145.Casestudies155.1Researchsetting165.2Externalinstitutionalenvironment:theroleoftheg
4、overnment165.3Theinternalinstitutionalenvironmentlevel:Theownershipstructure206.Conclusion24References27AcknowledgmentsUponfinishingthisthesis,IgratefullypaysgratitudetoProfessorJieGuoforhispatientguideandcarefullyediting.IamalsogratefultomyparentswhogenerouslysupportmystudyintheUK.F
5、inally,IwishtoexpressmysinceregratitudetomyfriendJessieZhaowhohasbeensupportingmementallyduringthehardbutfruitfultimeofthesiswriting.1.IntroductionOverthepasttwodecades,crossbordermergerandacquisition(CBMA)havebeenapopularstrategyforfirmsandconstituteanimportantmodeofentryintoforeign
6、markets(UnitedNationsConferenceonTradeandDevelopment(UNCTAD,2000).OfficialstatisticsfromUNCTAD(2000)suggestedthattheshareofCBMAsasapercentageofforeigndirectinvestment(FDI)flowsrosefrom52%in1987to88%in2015.Withincreasingglobalizationofbusiness,industryconsolidation,privatization,andth
7、eliberalizationofeconomies(Shimizu,Hitt,Vaidyanath,&Pissano,2004),alotofdevelopingcountrieshaveactivelyparticipatedinCBM&As,makingitonethemostpopularbusinessactivitiesaroundtheworld.WithagrowingnumberofChinesecompaniesbiddingintheglobalM&Adeals,theworldhasalreadytakenChinaasamajorpla
8、yerinCBMA.It
