In light of the pressing concerns surrounding mergers and acquisitions (M&A) in recent times, the question “What sort of ownership structure is more likely to be bought in bad faith (hostile takeover)?” is addressed in this study. The disparities in company structures and the prospect of hostile takeovers are the primary topics discussed in this article. The research applies a regression model to the analysis of a substantial number of domestic M&A cases and overseas M&A cases involving Chinese firms that have occurred within the past several years. It has been discovered that businesses that have a high equity dispersion, high equity liquidity, poor operational capability of the firm, small total equity, and no dual equity structure are more susceptible to being taken over by an adversary. The findings of this study are more reliable because, in addition to taking into account local firms listed on the A-share market, it also takes into account Chinese businesses that are listed on international markets. The findings of the study can assist owners in enhancing their management practices, optimizing their equity structures, and gaining experience in warding off hostile takeovers.

The transformation of the Ottoman Empire into the Turkish Republic was accompanied by change and continuities. The newly founded early republics necessarily inherited relics from the previous era and were significantly affected by economic and social institutions that sculpted their personality and mannerisms. This paper reveals the connection between the subjectivity of the late Ottoman and early Turkish republics through four aspects: state traditions, bureaucracy, the role of the military, and political culture, with both innovative changes and continuities. These connections facilitate comprehension of the early republic's history, political actors, and notable events.

This article examines a possible Chinese semiconductor industry’s merger and acquisition in 2017, the year before the Sino-US trade war and US high-tech sanctions against China. The feasibility of a merger between Tsinghua Unigroup and Taiwan Semiconductor Manufacturing Company is thoroughly examined as well as their development history and the current financial standing. The financial data collected form the two companies’ annual report was analyzed using multiple corporate valuating models. We discovered that the industrial policy and financial reports in 2017 favored the merger, but the combination ultimately collapsed, which was quite a pity for Chinese chip sector. The research contributes to an in-depth comprehension of China’s semiconductor business and serves as a model for future financial analyses of comparable sectors.