Cross-Border M&As of Chinese Firms——A Case of TCL
- 10.2991/assehr.k.211209.304How to use a DOI?
- Cross-border mergers and acquisitions; emerging market; absorptive capacity
Cross-border mergers and acquisitions are a common method for companies to expand the oversea business. As the economic development of the emerging counties, more firms in emerging market started to join the international market by cross-border M&As. After China joining World Trade Organization (WTO), Chinese firms became active in the global market. To study the cross-border M&As of Chinese firms, this paper analyzed TCL to find out the characteristics of Chinese firms. And through analyzing the case that TCL merged Thomson, this paper found that the merger caused loss to TCL. According the absorptive capacity theory, this paper analyzed the causes of failure. There were mainly three reasons, overconfidence, market differences and poor execution. This paper can provide reference for scholar who tend to study cross-aboard mergers and acquisitions of Chinese corporations.
- © 2021 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Zeshen Ye PY - 2021 DA - 2021/12/15 TI - Cross-Border M&As of Chinese Firms——A Case of TCL BT - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021) PB - Atlantis Press SP - 1870 EP - 1874 SN - 2352-5428 UR - https://doi.org/10.2991/assehr.k.211209.304 DO - 10.2991/assehr.k.211209.304 ID - Ye2021 ER -