Research on Overseas Mergers and Acquisitions by Chinese Listed Companies: A Case Study of Listed Companies in Zhejiang

Cenqi LI, Hong ZHANG, Yaqun LIU, Jie WU, Hong ZHOU


With the rapid economic development of China, more and more enterprises have realized their own internationalization strategies through overseas mergers and acquisitions, but the results of overseas mergers and acquisitions are different. On the one hand, mergers and acquisitions bring more development opportunities to some enterprises and enable them to win more markets; on the other hand, mergers and acquisitions have led some enterprises to huge losses. Therefore, it is especially necessary to analyze and study the related issues in order to effectively prevent and avoid the risks in the process of overseas mergers and acquisitions by listed companies. This paper summarizes the current status of overseas mergers and acquisitions by listed companies in Zhejiang province, analyzes its internal motivations, the problems, such as insufficient funds, cultural differences, and the dearth of experience, in the process of mergers and acquisitions. This paper also provides Chinese listed companies with the corresponding strategies for overseas mergers and acquisitions, which may hopefully propel the internationalization and globalization of Chinese listed companies.

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