Details
| Original language | English |
|---|---|
| Pages (from-to) | 211-224 |
| Number of pages | 14 |
| Journal | ERDKUNDE |
| Volume | 73 |
| Issue number | 3 |
| Publication status | Published - 2019 |
Abstract
Cross-border mergers and acquisitions (CBMAs) are an important mechanism of international investment and the configuration of global-local innovation networks. This study offers an evolutionary perspective to understand CBMAs sponsored by Chinese firms by focusing on the key actors and main changes at different stages: A primary stage with the target search process, an initial stage with light-touch integration, a fusing stage with emergence of new entities, and a mature stage with the reorganization of global-local innovation networks. The findings indicate that the innovation strategy of Chinese CBMAs corresponds with the structural integration and differentiation of innovation modes.
Keywords
- cross-border mergers and acquisitions, global-local innovation network, evolutionary perspective, construction machinery firms, China, Global-local innovation network, Evolutionary perspective, Cross-border mergers and acquisitions, Construction machinery firms
ASJC Scopus subject areas
- Social Sciences(all)
- Geography, Planning and Development
- Earth and Planetary Sciences(all)
- General Earth and Planetary Sciences
- Environmental Science(all)
- Ecology
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In: ERDKUNDE, Vol. 73, No. 3, 2019, p. 211-224.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - The evolution of cross-border M&As and innovation strategies: evidence from Chinese construction machinery firms
AU - Lyu, Guoqing
AU - Liefner, Ingo
AU - Schiller, Daniel
N1 - Funding Information: This research was funded by grants from the German Research Foundation (DFG, Gz. LI 981/13-1, SCHI 1014/6-1), the National Natural Science Foundation of China (41371147, 41771143) and the Sino-German Postdoc Scholarship Program (CSC-DAAD, 201600260053). The authors are grateful to Timon Haasis, Miriam Richter-Tokar and Qiuyu Wang for providing additional interview material and information related to the cases studied.
PY - 2019
Y1 - 2019
N2 - Cross-border mergers and acquisitions (CBMAs) are an important mechanism of international investment and the configuration of global-local innovation networks. This study offers an evolutionary perspective to understand CBMAs sponsored by Chinese firms by focusing on the key actors and main changes at different stages: A primary stage with the target search process, an initial stage with light-touch integration, a fusing stage with emergence of new entities, and a mature stage with the reorganization of global-local innovation networks. The findings indicate that the innovation strategy of Chinese CBMAs corresponds with the structural integration and differentiation of innovation modes.
AB - Cross-border mergers and acquisitions (CBMAs) are an important mechanism of international investment and the configuration of global-local innovation networks. This study offers an evolutionary perspective to understand CBMAs sponsored by Chinese firms by focusing on the key actors and main changes at different stages: A primary stage with the target search process, an initial stage with light-touch integration, a fusing stage with emergence of new entities, and a mature stage with the reorganization of global-local innovation networks. The findings indicate that the innovation strategy of Chinese CBMAs corresponds with the structural integration and differentiation of innovation modes.
KW - cross-border mergers and acquisitions
KW - global-local innovation network
KW - evolutionary perspective
KW - construction machinery firms
KW - China
KW - Global-local innovation network
KW - Evolutionary perspective
KW - Cross-border mergers and acquisitions
KW - Construction machinery firms
UR - http://www.scopus.com/inward/record.url?scp=85092536850&partnerID=8YFLogxK
U2 - 10.3112/erdkunde.2019.03.05
DO - 10.3112/erdkunde.2019.03.05
M3 - Article
VL - 73
SP - 211
EP - 224
JO - ERDKUNDE
JF - ERDKUNDE
SN - 0014-0015
IS - 3
ER -