Bui, Kim (2021) National rejuvenation and the role of state-owned enterprises in Chinese cross-border mergers and acquisitions: an institutional perspective. In: 48th Academy of International Business UK & Ireland Chapter Conference 2021, 14th - 16th Apr, 2021, University of Greenwich (ONLINE). (Unpublished)

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Abstract

Despite a growing body of research investigating the motivations for Chinese cross-border mergers and acquisitions (CBMAs), most studies have overlooked the China-specific mechanism of CBMAs undertaken by its state-owned enterprises (SOEs). Building on in-depth interviews with China M&A experts with an emphasis on the institutional perspective, this research provides a new framework for conceptualizing the role of the informal and formal institutions and their intra- and inter-institutionalizations in shaping the specific features of Chinese SOEs’ CBMAs. This research reveals a number of important findings. First, the concept of national rejuvenation is the core value of China’s informal institution which currently has been recontextualized into China’s resource seeking pursuit and quest for greater international influence. Second, CBMA is adopted as the main formal institutional engine for meeting these recontextualized core values. Third, the SOEs are considered as fundamental instruments to fulfil the state’s objectives of national rejuvenation through their CBMA activities. Finally, the state commands a distinct pattern of CBMAs through formal control mechanisms and ensures that the objective of national rejuvenation is collectively shared among the state, SOEs, and SOE top-level managers.

Item Type:	Conference or Conference Paper (Paper)
Uncontrolled Keywords:	Cross-border M&As; formal and informal institutions; national rejuvenation; Chinese State; Chinese state-owned enterprises (SOEs); Chinese SOEs’ top managers
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management H Social Sciences > HJ Public Finance
Faculty / School / Research Centre / Research Group:	Greenwich Business School Greenwich Business School > School of Business, Operations and Strategy
Last Modified:	27 Sep 2024 11:25
URI:	http://gala.gre.ac.uk/id/eprint/48206

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