Analysis of Economic Nationalism in the Success or Failure of Chinese Enterprises' Cross-border M&A
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Cross-border acquisitions have gradually become one of the main ways for Chinese companies to go global. However, compared to the global average, the rate of successful completion of acquisitions by Chinese companies is relatively low. At the same time, all parts of the world are at the stage of the rise of economic nationalism, which has become one of the major problems facing the world. Starting from a novel perspective of economic nationalism, this study studies economic nationalism in the cross-border M&A of Chinese firms from the national level, industry level and the public level, analyzes the determinants behind it and the influence on the failure or success of cross-border M&A. It also puts forward countermeasures for Chinese enterprises to deal with the pressure of economic nationalism in cross-border M&A. Measures include active bargaining, clever use of evasion policies, and the promotion of China's cross-border M&A industry diversification.
Cross-border M&A, Economic nationalism, Determining factors