| 參考文獻: | 中文參考文獻
中國商務部 (2017)，一帶一路戰略下的投資促進研究，商務部投資促進事務局。
中國商務部 (2018)，2017中國對外投資合作發展報告，商務部。
中國商務部 (2019)，2018中國對外投資合作發展報告，商務部。
英文參考文獻
Ahern, K. R., Daminelli, D., & Fracassi, C. (2015). Lost in translation? The effect of cultural values on mergers around the world. Journal of Financial Economics, 117(1), 165-189.
Aybar, B., & Ficici, A. (2009). Cross-border acquisitions and firm value: An analysis of emerging-market multinationals. Journal of International Business Studies, 40(8), 1317-1338.
Bénassy-Quéré, A., Coupet, M., & Mayer, T. (2007). Institutional determinants of foreign direct investment. The World Economy, 30(5), 764-782.
Bellak, C., Leibrecht, M., & Damijan, J. P. (2009). Infrastructure endowment and corporate income taxes as determinants of foreign direct investment in Central and Eastern European countries. The World Economy, 32(2), 267-290.
Blonigen, B. A. (2005). A review of the empirical literature on FDI determinants. Atlantic Economic Journal, 33(4), 383-403.
Chakrabarti, R., Gupta-Mukherjee, S., & Jayaraman, N. (2009). Mars–Venus marriages: Culture and cross-border M&A. Journal of International Business Studies, 40(2), 216-236.
Changqi, W., & Ningling, X. (2010). Determinants of cross-border merger & acquisition performance of Chinese enterprises. Procedia-Social and Behavioral Sciences, 2(5), 6896-6905.
Chari, A., Ouimet, P. P., & Tesar, L. L. (2010). The value of control in emerging markets. The Review of Financial Studies, 23(4), 1741-1770.
Chari, A., Ouimet, P. P., & Tesar, L. L. (2004). Cross border mergers and acquisitions in emerging markets: The stock market valuation of corporate control. In EFA 2004 Maastricht Meetings Paper (No. 3479).
Chen, R., El Ghoul, S., Guedhami, O., & Wang, H. (2014). Do state and foreign ownership affect investment efficiency? Evidence from privatizations. Journal of Corporate Finance, 42, 408-421.
Chen, S., Sun, Z., Tang, S., & Wu, D. (2011). Government intervention and investment efficiency: Evidence from China. Journal of Corporate Finance, 17(2), 259-271.
Chen, Y. Y., & Young, M. N. (2010). Cross-border mergers and acquisitions by Chinese listed companies: A principal–principal perspective. Asia Pacific Journal of Management, 27(3), 523-539.
Dailami, M., Kurlat, S., & Lim, J. (2012). Bilateral M&A activity from the Global South. The North American Journal of Economics and Finance, 23(3), 345-364.
De Beule, F., & Duanmu, J. L. (2012). Locational determinants of internationalization: A firm-level analysis of Chinese and Indian acquisitions. European Management Journal, 30(3), 264-277.
De Bondt, W. F., & Thaler, R. (1985). Does the stock market overreact?. The Journal of Finance, 40(3), 793-805.
Du, J., & Wang, Y. (2013). Reforming SOEs under China’s state capitalism. In Unfinished reforms in the Chinese economy (pp. 1-38).
Du, J., & Zhang, Y. (2018). Does One Belt One Road initiative promote Chinese overseas direct investment? China Economic Review, 47, 189-205.
Du, M., & Boateng, A. (2015). State ownership, institutional effects and value creation in cross-border mergers & acquisitions by Chinese firms. International Business Review, 24(3), 430-442.
Erel, I., Liao, R. C., & Weisbach, M. S. (2012). Determinants of cross‐border mergers and acquisitions. The Journal of Finance, 67(3), 1045-1082.
Feito-Ruiz, I., & Menéndez-Requejo, S. (2011). Cross-border mergers and acquisitions in different legal environments. International Review of Law and Economics, 31(3), 169-187.
Francois, J., & Manchin, M. (2013). Institutions, infrastructure, and trade. World Development, 46(C), 165-175.
Globerman, S., & Shapiro, D. M. (1999). The impact of government policies on foreign direct investment: The Canadian experience. Journal of International Business Studies, 30(3), 513-532.
Goergen, M., & Renneboog, L. (2004). Shareholder wealth effects of European domestic and cross‐border takeover bids. European Financial Management, 10(1), 9-45.
Gu, L., & Reed, W. R. (2013). Chinese overseas M&A performance and the Go Global policy 1. Economics of Transition, 21(1), 157-192.
Gubbi, S. R., Aulakh, P. S., Ray, S., Sarkar, M. B., & Chittoor, R. (2010). Do international acquisitions by emerging-economy firms create shareholder value? The case of Indian firms. Journal of International Business Studies, 41(3), 397-418.
Harford, J. (1999). Corporate cash reserves and acquisitions. The Journal of Finance, 54(6), 1969-1997.
Harford, J., & Uysal, V. B. (2014). Bond market access and investment. Journal of Financial Economics, 112(2), 147-163.
Hayakawa, K., Lee, H.-H., & Park, D. (2014). Do export promotion agencies increase exports? The Developing Economies, 52(3), 241-261.
Huang, P., Officer, M. S., & Powell, R. (2016). Method of payment and risk mitigation in cross-border mergers and acquisitions. Journal of Corporate Finance, 40, 216-234.
Jegadeesh, N., & Titman, S. (1993). Returns to buying winners and selling losers: Implications for stock market efficiency. The Journal of Finance, 48(1), 65-91.
Kiymaz, H. (2009). The impact of country risk ratings on U.S. firms in large cross-border acquisitions. Global Finance Journal, 20(3), 235-247.
Kung, J. K. S., & Ma, C. (2018). Friends with benefits: How political connections help to sustain private enterprise growth in China. Economica, 85(337), 41-74.
Lall, S., & Mohammad, S. (1983). Multinationals in Indian big business: Industrial characteristic of foreign investment in a heavily regulated economy. Journal of Development Economics, 13(1-2), 143-157.
Li, J., Li, P., & Wang, B. (2016). Do cross-border acquisitions create value? Evidence from overseas acquisitions by Chinese firms. International Business Review, 25(2), 471-483.
Li, S., & Park, S. H. (2006). Determinants of locations of foreign direct investment in China. Management and Organization Review, 2(1), 95-119.
Loughran, T., & Vijh, A. M. (1997). Do long‐term shareholders benefit from corporate acquisitions? The Journal of Finance, 52(5), 1765-1790.
Lyon, J. D., Barber, B. M., & Tsai, C. L. (1999). Improved methods for tests of long‐run abnormal stock returns. The Journal of Finance, 54(1), 165-201.
Makaew, T. (2012). Waves of international mergers and acquisitions. In AFA 2012 Chicago meetings paper.
Malhotra, S., Sivakumar, K., & Zhu, P. (2011). A comparative analysis of the role of national culture on foreign market acquisitions by U.S. firms and firms from emerging countries. Journal of Business Research, 64(7), 714-722.
Moeller, S., Schlingemann, F., & Stulz, R (2002). Are cross-border acquisitions different from domestic acquisitions? Evidence on stock and operating performance for US acquirers. Journal of Banking and Finance.
Moeller, S., Schlingemann, F., & Stulz, R. (2004). Firm size and the gains from acquisitions. Journal of Financial Economics, 73(2), 201-228.
Nain, A., & Yao, T. (2013). Mutual fund skill and the performance of corporate acquirers. Journal of Financial Economics, 110(2), 437-456.
Nguyen, N. H., & Phan, H. V. (2017). Policy uncertainty and mergers and acquisitions. Journal of Financial and Quantitative Analysis, 52(2), 613-644.
Nolan, P. (2014). Globalization and Industrial Policy: The Case of China. The World Economy, 37(6), 747-764.
Ping, D. (2009). Why do Chinese firms tend to acquire strategic assets in international expansion? Journal of World Business, 44(1), 74-84.
Quer, D., Claver, E., & Rienda, L. (2011). Political risk, cultural distance, and outward foreign direct investment: Empirical evidence from large Chinese firms. Asia Pacific Journal of Management, 29(4), 1089-1104.
Rao-Nicholson, R., Salaber, J., & Cao, T. H. (2016). Long-term performance of mergers and acquisitions in ASEAN countries. Research in International Business and Finance, 36, 373-387.
Rau, R., & Vermaelen, T. (1998). Glamour, value and the post-acquisition performance of acquiring firms. Journal of Financial Economics, 49(2), 223-253.
Roll, R. (1986). The hubris hypothesis of corporate takeovers. The Journal of Business, 59(2), 197-216.
Rui, H., & Yip, G. S. (2008). Foreign acquisitions by Chinese firms: A strategic intent perspective. Journal of World Business, 43(2), 213-226.
Sauvant, K. P., & Chen, V. Z. (2014). China’s regulatory framework for outward foreign direct investment. China Economic Journal, 7(1), 141-163.
Schlingemann, F., Stulz, R., & Walkling, R. A. (2002). Divestitures and the liquidity of the market for corporate assets. Journal of Financial Economics, 64(1), 117-144.
Schweizer, D., Walker, T., & Zhang, A. (2019). Cross-border acquisitions by Chinese enterprises: The benefits and disadvantages of political connections. Journal of Corporate Finance, 57, 63-85.
Schwert, G. (1996). Markup pricing in mergers and acquisitions. Journal of Financial Economics, 41(2), 153-192.
Shimizu, K., Hitt, M. A., Vaidyanath, D., & Pisano, V. (2004). Theoretical foundations of cross-border mergers and acquisitions: A review of current research and recommendations for the future. Journal of International Management, 10(3), 307-353.
Sun, S. L., Peng, M. W., Ren, B., & Yan, D. (2012). A comparative ownership advantage framework for cross-border M&As: The rise of Chinese and Indian MNEs. Journal of World Business, 47(1), 4-16.
Sun, Z., Vinig, T., & Hosman, T. D. (2017). The financing of Chinese outbound mergers and acquisitions: Is there a distortion between state-owned enterprises and privately owned enterprises? Research in International Business and Finance, 39, 377-388.
Tao, F., Liu, X., Gao, L., & Xia, E. (2017). Do cross-border mergers and acquisitions increase short-term market performance? The case of Chinese firms. International Business Review, 26(1), 189-202.
Titman, S., Almazan, A., De Motta, A., & Uysal, V. (2010). Financial structure, acquisition opportunities, and firm locations. The Journal of Finance, 65(2), 529-563.
Uddin, M., & Boateng, A. (2011). Explaining the trends in the UK cross-border mergers & acquisitions: An analysis of macro-economic factors. International Business Review, 20(5), 547-556.
Vermeulen, F., & Barkema, H. (2001). Learning through acquisitions. Academy of Management Journal, 44(3), 457-476.
Weitzel, U., & Berns, S. (2006). Cross-border takeovers, corruption, and related aspects of governance. Journal of International Business Studies, 37(6), 786-806.
Yang, J., Guariglia, A., & Guo, J. (2019). To what extent does corporate liquidity affect M&A decisions, method of payment and performance? Evidence from China. Journal of Corporate Finance, 54, 128-152.
Zhang, X., & Daly, K. (2011). The determinants of China`s outward foreign direct investment. Emerging Markets Review, 12(4), 389-398.
Zhou, B., Guo, J., Hua, J., & Doukas, A. J. (2015). Does State Ownership Drive M&A Performance? Evidence from China. European Financial Management,21(1), 79-105. |
