Extant Literature Sample Clauses

Extant Literature. The increasingly frequent and broad cross-border M&A activities have attracted much interest from Chinese researchers. Chinese researchers generally focus on two areas. The first area, which concerns the effects of cross-border M&As on China, has drawn the majority of researchers’ attention and discussion. Some researchers argue against M&As because they are concerned with the security of China’s economy, the safety of state-owned assets and the survival of national industries (x.x. Xxx, 2006; Xxxx, 2007; Gu, 2006). Other researchers hold a positive attitude toward M&As. Xxxx (2006) argues that the competition from foreign-owned enterprises and private companies boosts SOEs’ success: foreign investors not only bring capital, technology and managerial skills into China, but also have driven the transition of China’s economy. Xxxx et al. (2004) point out that the loss of state-owned assets can be avoided if cross-border M&As are well managed, and the efficiency of public ownership will be improved by cross-border M&As, which make a great contribution to the development of China’s economy. The second area of Chinese research focuses on the background, development and incentive of cross-border M&As of Chinese firms and Chinese SOEs (Ren et al., 2008; Xxx et al., 2004; Xxxx et al., 2004; Xxx, 2008). For example, researchers point out that multi-national corporations making cross-border M&As of Chinese firms are motivated by market power, market position, complementary resource and market share (Ren et al., 2008). There are two limitations in the literature on foreign M&As of Chinese SOEs. First, Chinese research in this area is generally based on a macro-level investigation, which leaves firm-level studies under-investigated. In reality, some topics are important for M&A management in practice such as the influence of international M&As on target SOE employees and on SOE performances. A firm-level investigation is useful for exploring detailed and specified phenomena involved in cross-border M&As, which is helpful for theory building. The second limitation in the literature on foreign M&As of Chinese SOEs is that studies so far lack a clear and systematic strategy for cross-border M&A management. There is significant research on the transnational management of wholly foreign-owned enterprises and joint ventures but little research on M&A management of SOEs. This may in part be due to the methodological limitations mentioned, i.e. that the majority of studies ar...