The Researchon The Effect Of Chinese Enterprises’Technological Innovation From Cross-border M&A

In the conte xt o f economic globalization and informatio nizatio n, techno logica linno vation not only related to the le ve l of lo ng-term sur viva l and developme nt ofenterprises, but also related to the internatio nal competitive ness and internationa lstatus of a country. After the refor m and opening up, China’s economy gained morethan30years of rap id developme nt, but there is still a wide gap between Chineseenterprises and deve loped countries’ enterprises in terms of the technologicalinno vation. How to promote technolo gical innovation has become the most importantissue in the face of our state and enterprises.With the growing co mpetitio n in the global market, the market enviro nment isconstantly changing, and the traditiona l closed innovation model had no longer metthe develop ment requireme nts of the times, and the open innovation model came intobeing. In the open model of techno logical innovation, more and more enterpr ises indeve loped countr ies ha ve achieved a techno logical innovation through cross-bordermergers and acquis itions, which also provides a new way of thinking for our country’senterprises to achie ve technolo gical innovation. As China’s economy continues todeve lop, the business strength of our country’s enterprises has also been greatlyimproved, and more and more Chinese enterprises has embarked on the road ofcross-border mergers and acquis itions. To access to techno logy and to achievetechno logica l innovations ha ve become one of the major motivations of Chineseenterprises’ cross-border mergers and acquisitions. The cross-technology mergers andacquis itions ha ve also become one of the main types of cross-border mer gers andacquis itions o f Chinese enterprises. However, studies on the impact of enterprises’techno logica l inno vation fro m cross-border mergers and acquis itions are not too many.What’s more, there has not come to a unified conclusion so far.This artic le started fro m the cross-border M&A case of Shangha i Electr ic Group，and made an anato mical ana lys is to cross-border M&A in all aspects and technica linno vation activities after cross-border M&A, proved that cross-border M&A couldeffective ly achie ve techno logica l innovatio ns of enterprises in China. Then the artic leanalyzed on the overall curre nt situation of China’s cross-border M&A activities andtechno logy innovation, and po inted out the ma in proble ms. F ina lly, under theanalytica l fra mework of theories, it expla ined the motivation of Chinese enterpr is es’ cross-border M&A, and built the mechanism of Chinese enterprises’ technologicalinno vation fro m cross-border M&A based on3L-3E theoretica l model, and ver ifiedthe impact of techno lo gy innovation of enterpr ises from cross-border M&A onceagain, whic h also provided a theoretica l basis for Chinese enterprises to achie ve thetechno logica l inno vations through cross-border M&A. At last, from the perspective ofbusiness and governme nt, this artic le put forward some relevant polic ies andrecommendations to solve the main problems on the cross-border M&A activities.