How Do International M&amp;As Affect Rival Firm’s Sustainable Performance? —Empirical Evidence from an Emerging Market

Hu, Xiaoting; Yin, Ximing; Zhou, Jin; Li, Jizhen

doi:10.3390/su12041318

Cited by 9 publications

(13 citation statements)

References 49 publications

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“…Gross-Gołacka et al attempted to improve the sustainable competitive advantage for enterprises by improving the knowledge ability of managers [8]. Hu et al argued industry-level international mergers and acquisitions had a significant negative impact on the sustainable performance of the acquirer's competitors [9]. Erokhin et al established policy measures to competitive advantages in agricultural field [10].…”

Section: Introductionmentioning

confidence: 99%

“…ere have been many reports on the research of core technical capabilities. Jin et al (2020) considered the impact of cluster technology innovation capability on the long-term development of the cluster, and found that the improvement of cluster technology innovation capability promoted the development of the industry [13]. Zhou et al used theory to create a theoretical framework of data-based core technical capabilities [14].…”

Section: Introductionmentioning

confidence: 99%

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The Influence of Core Technology Capability of High-Tech Industry on Sustainable Competitive Advantage

Liu

Yang

2021

Discrete Dynamics in Nature and Society

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In order to explore how the core technological capabilities of the high-tech industry affect the sustainable competitive advantage of an enterprise, by consulting a large number of literature studies on sustainable competition, the characteristics of high-tech enterprises were summarized through analysis and sorting and a sustainable competition model was proposed based on market, management, marketing, strategy, and organizational innovation. Through factor analysis, correlation analysis, and structural equations of 266 survey data of related companies, the effectiveness of the model based on the impact of core capabilities of high-tech companies on sustainable competitive advantage was confirmed. The results show that the core competencies of high-tech enterprises’ market recognition, strategic planning, management and operation, full-person marketing, and dynamic marketing directly affect the company’s sustainable competitive advantage. The most important influence on a company’s sustainable competitive advantage is market awareness, and the organizational innovation of the company can also influence the sustainable competitive advantage indirectly, while dynamic marketing can increase the other four capabilities to improve the sustainable competitive advantage of the enterprise. The theoretical model is established to identify the core technological capabilities of high-tech enterprises that can help enterprises effectively identify the core technological capabilities that can form a sustainable competitive advantage and then provide ideas for enterprises to build theoretical research on core technological capabilities.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The Influence of Core Technology Capability of High-Tech Industry on Sustainable Competitive Advantage

Liu

Yang

2021

Discrete Dynamics in Nature and Society

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“…Additionally, a study by Pradhan (2010) points out that Indian pharmaceutical firms' cross-border acquisition seeks both market expansion and strategic assets. A recent study by Hu et al (2020) suggests an interesting conclusion from observations of Chinese manufacturing firms' M&As for the period of 2009 to 2015; cross-border M&As have negative impacts on buyers' rival companies, particularly in high-tech industries.…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of the COVID-19 Pandemic on Cross-Border Mergers and Acquisitions’ Determinants: New Empirical Evidence from Quasi-Poisson and Negative Binomial Regression Models

2021

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The cross-border movement of capital has suffered due to the COVID-19 pandemic since December 2019. Nevertheless, it is unrealistic for multinational companies to withdraw giant global value chains (GVCs) overnight because of the pandemic. Instead, active discussions and achievements of deals in cross-border mergers and acquisitions (M&As) are expected in the post-COVID-19 era among various other market entry modes, considering the growing demand in high technologies in societies. This paper analyzes particular determinants of cross-border mergers and acquisitions (M&As) during the pandemic year (2020) based on cross-sectional datasets by employing quasi-Poisson and negative binomial regression models. According to the empirical evidence, COVID-19 indices do not hamper M&A deals in general. This indicates that managerial capabilities of the coronavirus, not the outbreak itself, determined locational decisions of M&A deals during the pandemic. In this vein, it is expected that the vaccination rate will become a key factor of locational decision for M&A deals in the near future. Furthermore, countries that have been outstanding in coping with COVID-19 and thus serve as a good example for other nations may seize more opportunities to take a leap forward. In addition, as hypothesized, the results present positive and significant associations with M&A deals and the SDG index, confirming the resource-based theory of internationalization. In particular, the achievement of SDGs seems to exercise much influence in developing countries for M&A bidders during the pandemic year. This indicates that the pandemic demands a new zeitgeist that pursues growth while resolving existing but disregarded environmental issues and cherishes humanitarian values, for all countries, non-exceptionally, standing at the start line of the post-COVID-19 era.

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“…On the other hand, Chinese firms need not develop every advanced technology on their own in a globalized world. Backed by the government’s “go global” strategy, they can acquire such technologies through mergers and acquisitions abroad ( Figure 10 ; Hu et al , 2020 ; Liu et al , 2020 ).…”

Section: Five Main Impetus For China’s Fast-growing In Technological Innovationmentioning

confidence: 99%

Beyond catch-up: could China become the global innovation powerhouse? China’s innovation progress and challenges from a holistic innovation perspective

Chen

Yin

et al. 2020

Industrial and Corporate Change

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Over the past century and a half, global technological leadership has shifted from Europe to the United States, while scholars argue that the world has seen that it is now shifting from the United States to China due to China’s extraordinary catch-up in the past four decades, in which the public policy-oriented national innovation system development plays a critical role that might provide an alternative way for innovation-driven development especially for emerging markets. Even though encountering many challenges ahead, China is positioning itself to take over the global innovation leadership in the next few decades. Here in this article, we introduce a serious yet underexplored question: could China go beyond catch-up and become the global innovation powerhouse? Specifically, drawing from the holistic innovation perspective, which is an original theoretical paradigm for the mission-oriented innovation policy change, this article critically reviews, both qualitatively and quantitatively, China’s remarkable innovation progress and main drivers in comparison with G7 countries plus South Korea and India, trying to provide a comprehensive and critical view of state-of-the-art research on China’s innovation catch-up. We further explore the five major challenges that China must take seriously when marching toward the global innovation powerhouse. Finally, we propose a mission-oriented holistic STI policy design framework for both China and other emerging economies to go beyond catch-up in a competitive dynamic world. This article provides a new and holistic perspective to access China’s innovation progress and challenges, also generates novel insights for scholars and public agencies to contribute to global innovation development, with a shared goal of achieving global sustainable development in the post-COVID-19 pandemic world.

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How Do International M&As Affect Rival Firm’s Sustainable Performance? —Empirical Evidence from an Emerging Market

Cited by 9 publications

References 49 publications

The Influence of Core Technology Capability of High-Tech Industry on Sustainable Competitive Advantage

The Influence of Core Technology Capability of High-Tech Industry on Sustainable Competitive Advantage

The Impact of the COVID-19 Pandemic on Cross-Border Mergers and Acquisitions’ Determinants: New Empirical Evidence from Quasi-Poisson and Negative Binomial Regression Models

Beyond catch-up: could China become the global innovation powerhouse? China’s innovation progress and challenges from a holistic innovation perspective

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