{"title":"跨国并购的演变与创新战略——来自中国工程机械企业的证据","authors":"G. Lyu, Ingo Liefner, Daniel Schiller","doi":"10.3112/erdkunde.2019.03.05","DOIUrl":null,"url":null,"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.","PeriodicalId":11917,"journal":{"name":"Erdkunde","volume":" ","pages":""},"PeriodicalIF":0.8000,"publicationDate":"2019-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":"{\"title\":\"The evolution of cross-border M&As and innovation strategies: evidence from Chinese construction machinery firms\",\"authors\":\"G. Lyu, Ingo Liefner, Daniel Schiller\",\"doi\":\"10.3112/erdkunde.2019.03.05\",\"DOIUrl\":null,\"url\":null,\"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.\",\"PeriodicalId\":11917,\"journal\":{\"name\":\"Erdkunde\",\"volume\":\" \",\"pages\":\"\"},\"PeriodicalIF\":0.8000,\"publicationDate\":\"2019-09-30\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"2\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Erdkunde\",\"FirstCategoryId\":\"90\",\"ListUrlMain\":\"https://doi.org/10.3112/erdkunde.2019.03.05\",\"RegionNum\":4,\"RegionCategory\":\"社会学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"GEOGRAPHY\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Erdkunde","FirstCategoryId":"90","ListUrlMain":"https://doi.org/10.3112/erdkunde.2019.03.05","RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"GEOGRAPHY","Score":null,"Total":0}
The evolution of cross-border M&As and innovation strategies: evidence from Chinese construction machinery firms
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.
期刊介绍:
Since foundation by Carl Troll in 1947, ''ERDKUNDE – Archive for Scientific Geography'' has established as a successful international journal of geography. ERDKUNDE publishes scientific articles covering the whole range of physical and human geography. The journal offers state of the art reports on recent trends and developments in specific fields of geography and comprehensive and critical reviews of new geographical publications. All manuscripts are subject to a peer-review procedure prior to publication. High quality cartography and regular large sized supplements are prominent features of ERDKUNDE, as well as standard coloured figures.