supported by the following:the Fundamental Research Funds for the Central Universities of China[Grant No.JBK2406055];the 2024 Annual General Project of Humanities and Social Sciences Research by the Ministry of Education[Grant No.24XJA790005];the Cultivation Program of High-level Scholarly Representative Achievements for Graduate Students of Southwestern University of Finance and Economics[Grant No.JGS2024055].
This paper examines the impact of upstream merger and acquisition(M&A)activities driven by supply chain integration motives on firm energy performance.By developing a microlevel theoretical framework,we examine the in...
supported by the National Natural Science Foundation of China“Research on Cross-sector Competition Effect and Regulatory Policy of Digital Platforms Based on Inter-platform Network Externalities”(Grant No.72103085).
Data is a key asset for digital platforms,and mergers and acquisitions(M&As)are an important way for platform enterprises to acquire it.The types of data obtained from intra-industry and cross-sector M&As differ,as do...
Fund Project of Shanghai University of Finance and Economics(Grant CXJJ2022-307);National Natural Science Foundation of China(Grant 72372097);the Humanities and Social Sciences Fund of the Ministry of Education(MOE)(Grant 20YJA790083);the Shuguang Program of the Shanghai Education Development Foundation,the Program for Innovative Research Team of SUFE,the MOE Project of the Key Research Institute of Humanities and Social Science in University(Grant 22JJD790093);professional English language editing support provided by AsiaEdit(asiaedit.com).All errors are our own.
Earnout provisions(“earnouts”hereafter)provide for contingent payments in M&A agreements and play a role in reducing information asymmetry.However,in China,earnouts are not solely driven by negotiations between acqu...
support obtained from the National Natural Science Foundation of China(Project No.72172156/G0206)for this study.
Corporate mergers and acquisitions(M&As)are subject to skewed logic due to excessive government regulation.China is progressively adopting the Market Access Negative List(MANL)pilot to transfer the power of resource a...
The mining industry is a typical cyclical industry,and it is very important for enterprises to judge the timing of M&A.CMOC,the world’s second-largest cobalt and niobium producer,leverage the capital market to reserv...
supported financially by the National Natural Science Foundation of China (Nos.72073047 and 72273052);the Natural Science Foundation of Guangdong Province (No.2021A1515011983);the Guangzhou Philosophy and Social Science Planning Project (No.2021GZYB01).
The economic impact of the geographical rotation of local officials is important in China's official management system.This study used a zero-inflated Poisson regression model and found that the geographical rotation ...
In 2022,the price of domestic mining assets was near the bottom,and Zijin Mining realized bottomfishing M&A against trend.3/4 of its M&A capital was used for domestic mining acquisition.In 2023,the price of domestic m...
The global oil price fluctuated widely at a high level throughout 2022 due to the combined impact of limited investment growth in global upstream oil and gas,the increasing regional geopolitical risks of oil and gas d...
In the new era of China’s retail business transformation,retail enterprises have launched online and offline omni-channels,developed all-category business models,and taken the step toward merger and acquisition expan...
Overview of global oil and gas M&A in 2021.In 2021,under the combined influence of factors such as the resurgence of COVID-19 all over the world and the failure of OPEC+to reach a production agreement,WTI and Brent,tw...