The Impact of Foreign Students in China on Cross-Border M & A of Chinese Enterprises——An Empirical Study Based on the Sample Data of Southeast Asia

Authors

  • Hong Yu
  • Dongming Wei
  • Xiaoqing Wu

DOI:

https://doi.org/10.56028/aemr.1.1.132

Keywords:

foreign students in China; Chinese enterprises; cross-border mergers and acquisitions; Southeast Asia.

Abstract

Under the "go global" policy and initiative of “one belt one road” Chinese enterprises are increasingly active in cross-border mergers and acquisitions in countries along “the belt and road”. Underthe characteristics of cultural diversity in various countries, the cultural effect as an important influence factor of cross-border M & A actively promotes bilateral enterprises to achieve cultural identity and achieve win-win cooperation. As an important group of cultural exchanges, whether international students can influence the cross-border mergers and acquisitions of Chinese enterprises? Based on the 2006-2018 foreign students in Southeast Asia and China in Southeast Asia the panel data of transnational merger and acquisition, on the basis of existing research, through the fixed effects model, which can adjust the benchmark test, effect test and robustness test, the empirical study of Southeast Asia foreign students actively promote Chinese enterprises in Southeast Asia will and successful events of transnational M & A, Political environment and economic environment have no significant moderating effect, while bilateral exchange rate, population density, technological level and natural resource endowment are important factors. The research results provide useful enlightenment for the expansion of influencing factors of Chinese enterprises' cross-border M & A, and have important significance for improving the success rate of Chinese enterprises' cross-border M & A through the cultural effect of international students.

Downloads

Published

2022-05-18