IJSSER

Title: RESEARCH ON VALUE CREATION IN CONTINUOUS CROSS-BORDER M & A OF ENTERPRISES——TAKE THE GEELY GROUP AS AN EXAMPLE
Authors: Xian Chen
\|\| \|\|
Xian Chen Ginling College, Nanjing Normal University, Nanjing
MLA 8 Chen, Xian. "RESEARCH ON VALUE CREATION IN CONTINUOUS CROSS-BORDER M & A OF ENTERPRISES——TAKE THE GEELY GROUP AS AN EXAMPLE." Int. j. of Social Science and Economic Research, vol. 7, no. 5, May 2022, pp. 1357-1375, doi.org/10.46609/IJSSER.2022.v07i05.014. Accessed May 2022. APA 6 Chen, X. (2022, May). RESEARCH ON VALUE CREATION IN CONTINUOUS CROSS-BORDER M & A OF ENTERPRISES——TAKE THE GEELY GROUP AS AN EXAMPLE. Int. j. of Social Science and Economic Research, 7(5), 1357-1375. Retrieved from doi.org/10.46609/IJSSER.2022.v07i05.014 Chicago Chen, Xian. "RESEARCH ON VALUE CREATION IN CONTINUOUS CROSS-BORDER M & A OF ENTERPRISES——TAKE THE GEELY GROUP AS AN EXAMPLE." Int. j. of Social Science and Economic Research 7, no. 5 (May 2022), 1357-1375. Accessed May, 2022. doi.org/10.46609/IJSSER.2022.v07i05.014.
References [1]. Schipper K, Thompson R. The Impact of Merger-related Regulations on the Shareholders of Acquiring Firms. Journal of Accounting research, 1983:184-221. [2]. Fuller K, Netter J, Stegemoller M. What Do Returns to Acquiring Firms Tell Us?Evidence From Firms That Make Many Acquisitions. Journal of Finance,2002,57(4):1763-1793. [3]. Croci E, Petmezas D. Why Do Managers Make Serial Acquisitions?An Investigation of Performance Predictability in Serial Acquisitions.Electronic Journal,2005. [4]. Billett M T,Qian Y.Are Overconfidence CEOs Born or Made?Evidence of Self-attribution Bias from Frequent Acquirers.Management Science,2008,54(6):1037-1051. [5]. Ghosh A.Does Operating Performance Really Improve Following Corporateacquisitions?. Journal of Corporate Finance,2001,7(2):151-178. [6]. Bhabra, Gurmmet S. Potential targets: An Analysis of Stock Price Reactions to Acquisition Program Announcements. Journal of Financial Economics, 2008( 32). [7]. Ramsin Yakob,H. Richard Nakamura,Patrik Ström. Chinese Foreign Acquisitions Aimed for Strategic Asset-creation and Innovation Upgrading: The case of Geely and Volvo Cars. Elsevier Ltd,2018,70-71. [8]. Wu Chaopeng, Wu Shenong, Zheng Fang parted ways. Theoretical and Empirical Research on Manager Behavior and Continuous M & A Performance. Management World, 2008 (07): 126-133 + 188. [9]. Chen Yu. Research on Frequent Mergers and Acquisitions of Chinese Listed Companies: Empirical Explanation Based on Management Behavior. Xiamen University, 2009. [10]. Long Lihui. Analysis of the Impact of Continuous Mergers and Acquisitions of Listed Companies on Executive Compensation. East China Jiaotong University, 2014. [11]. Yu Pengyi, Wang Mansi. An Empirical Study on the Impact Factors of Cross-border M & A Performance of Domestic Listed Companies. Accounting Research, 2014 (03): 64-70 + 96. [12]. Zhang Lingang. Case Analysis of Cross-border Mergers and Acquisitions in China's Automobile Industry—— Takes Geely's Acquisition of Volvo as an Example. Time Finance, 2014 (32): 32 + 34. [13]. Zhang LAN, Fan Libo, Bao Shu. Why Will Companies Continue Mergers and Acquisitions?Evidence from the Manufacturing Enterprises in China. Accounting and Communications, 2018 (30): 10-17 + 129. [14]. Xie Hongming, Zhang Yan, Liu Yang, Cheng Cong. Value Creation in Continuous Cross-border Mergers and Acquisitions of Emerging Economy Enterprises: The Case of Junsheng Group. Managing the world. 2019(05). [15]. Nie Xiaoyue. Research on the Motivation and Effect of Geely's Multinational Acquisition of Volvo. Shopping mall modernization, 2019 (24): 144-146. [16]. Huang Shiyue. Research on the Influence of Continuous Cross-border Merger and Acquisition on Enterprise Value Creation. Guangdong University of Foreign Studies, 2020. [17]. Cui Mengyun. Research on Improving Enterprise Value Based on Resource Base Theory . Harbin University of Commerce, 2020. [18]. Gao Yan. Research on Value Creation of Continuous M & A under Strategic Selection. Harbin University of Commerce, 2020. [19]. Huang Manli, Zhang Yue, Li Jing. Summary of Continuous Merger Studies Based on Time Course Perspective. Journal of Management, 2020,17 (09): 1412-1422. [20]. Zheng Xiaofang. Utility Analysis of Corporate Strategic Mergers and Acquisitions . Time Finance, 2017 (30): 196 + 200. [21]. Gao Zhifan. The Main Characteristics of Enterprise Strategic Mergers and Acquisitions and the Inspiration for Chinese Enterprises. Chinese Business Theory, 2017 (17): 121-123.
ABSTRACT: Most of the domestic automobile enterprises belong to the late-comer enterprises, and there is still a big gap with the developed countries in technology research and development and brand creation. Through cross-border continuous mergers and acquisitions, enterprises can obtain foreign superior resources and improve their own development level. This article chose the classic local private car companies Geely Group as an example, based on previous scholars of continuous motivation and performance research and a series of mergers and acquisitions events, using case analysis, financial and non-financial index analysis methods to study the value of the continuous mergers and acquisitions, and provide reference for other mergers and acquisitions in our country. Through analysis, the conclusion is that cross-border continuous mergers and acquisitions can help enterprises quickly obtain the required resources, open the market, and thus create value.

IJSSER is Member of