Cross-Border M&As of Chinese Firms——A Case of TCL

DOI

10.2991/assehr.k.211209.304How to use a DOI?

Keywords

Cross-border mergers and acquisitions; emerging market; absorptive capacity

Abstract

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.

Copyright

© 2021 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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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  -