Overview
- Clarifies the legal situation governing mergers and acquisitions in China
- Provides insight into differences between state-owned enterprises and private companies vis-a-vis regulation
- Examines the role of outbound capital in "Made in China 2025"
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Table of contents (9 chapters)
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Front Matter
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Back Matter
Keywords
About this book
This book constructs an innovative theoretical analysis framework for corporate consolidation through M&A under the condition of government competition during the transition period. Under the condition of transitional economy, the government is an important agent in economic development. Government behaviors, especially government competitions, are institutional variables that affect enterprise behaviors and corporate consolidation. Based on the perspective of local government competition, starting from the essential problems of China's enterprise M&A during the transition period, and taking “the existence of M&A waves-the occurrence mechanism of M&A under government competition-the process of corporate consolidation under government competition—the macro and micro effects of M&A” as the main line, this book reveals the mechanism and effects of enterprise M&A on the evolution of industrial economic structure and regional economic structure under the paradigm of government competition. At the same time, taking “the motivations for government competition-conducts of government competition-effects of government competition” as the hidden line, the path of government competition and its impact mechanism are investigated. Relevant analysis of government competition is embodied in the logical framework of M&A and corporate consolidation.
Authors and Affiliations
About the author
Fengrong Wang is Professor at The Center for Economic Research, Shandong University, and visiting professor at West Virginia University. His Main research areas include financial economics, the theory of corporate finance, and financial system and economic development, portfolio investment and capital management.
Bibliographic Information
Book Title: M&A and Corporate Consolidation
Book Subtitle: A Study of the Role of Competitive Government Behavior
Authors: Fengrong Wang
Translated by: Changkun Sun
DOI: https://doi.org/10.1007/978-981-15-6675-2
Publisher: Palgrave Macmillan Singapore
eBook Packages: Business and Management, Business and Management (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2021
Hardcover ISBN: 978-981-15-6674-5Published: 13 November 2020
Softcover ISBN: 978-981-15-6677-6Published: 13 November 2021
eBook ISBN: 978-981-15-6675-2Published: 12 November 2020
Edition Number: 1
Number of Pages: XIV, 511
Number of Illustrations: 35 b/w illustrations
Topics: Business Finance, International Finance, Asian Economics