A Study On The Influencing Factors And Patterns Of Innovative Performance Of Chinese Enterprises' Cross-Border M&A

The economy of china is coming into a new normal,and the development of driving innovation become the inevitable trend of future economic development.Therefore,how to enhance their own innovation capacity by cross-border mergers and acquisitions is still the focus of academic and business concerns.Moreover,in the previous study of cross-border mergers and acquisitions,most of them adopt quantitative or qualitative methods,which have some limitations.Based on that,this study combined with holism and set theory,and takes 28 cases of cross-border M&A events as the research samples,and introduces the qualitative comparative analysis(QCA)method,aiming to build the impact of cross-border mergers and acquisitions innovation performance of the former structure.It have a positive reference value for the choice of cross-border mergers and acquisitions of Chinese enterprises.Finally,this paper obtained five pre-configuration.These five configurations show that enterprises have different paths in the process of cross-border M&A,and according to the core conditions,we find that the model of innovation performance improvement of cross-border M&A of Chinese enterprises is basically internal and external.Among them,the system quality is one of the important factors that enterprises need to consider in cross-border M&A.In addition,it is different from the previous empirical study that the greater the distance of culture,cross-border mergers and acquisitions after the innovation performance better.This study found that the impact of smaller cultural differences on the performance of cross-border M&A innovation did not play a significant positive role in most cases.And cross-border M&A experience can improve the performance of corporate innovation point of view,the same does not apply to all mergers and acquisitions.Lack of cross-border M&A experience and a strong knowledge base of the enterprise,its cross-border mergers and acquisitions may still bring innovation to enhance.