DocumentCode
2203344
Title
Notice of Retraction
Challenges and Countermeasures of China´s Outbound M&A in the Financial Crisis
Author
Liu Xinying
Author_Institution
Sch. of Int. Econ. & Trade, Shandong Univ. of Finance, Jinan, China
fYear
2009
fDate
20-22 Sept. 2009
Firstpage
1
Lastpage
5
Abstract
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Just a few years ago, Chinese companies had been the top acquisition targets of foreign investors. Now, many of them are buyers. The total value and number of overseas investments made by domestic enterprises in the last 12 months defined 2008 as a landmark year for Chinese outbound M&A. This trend stems from the need to acquire new markets, technology, know how, brand recognition and other capabilities from abroad faster than they can be developed domestically. It is also being encouraged by steps the Chinese Government is taking in recognition that failure to acquire these missing elements could slow down China´s rapid economic pace. However, acquisition of foreign businesses presents many new challenges for Chinese companies. This article starts with analyzing the motives and performance for Chinese outbound M&A and focuses mainly on elaborating the challenges for them in order to figure out the countermeasure for their future success.
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Just a few years ago, Chinese companies had been the top acquisition targets of foreign investors. Now, many of them are buyers. The total value and number of overseas investments made by domestic enterprises in the last 12 months defined 2008 as a landmark year for Chinese outbound M&A. This trend stems from the need to acquire new markets, technology, know how, brand recognition and other capabilities from abroad faster than they can be developed domestically. It is also being encouraged by steps the Chinese Government is taking in recognition that failure to acquire these missing elements could slow down China´s rapid economic pace. However, acquisition of foreign businesses presents many new challenges for Chinese companies. This article starts with analyzing the motives and performance for Chinese outbound M&A and focuses mainly on elaborating the challenges for them in order to figure out the countermeasure for their future success.
Keywords
corporate acquisitions; economic cycles; Chinese companies; Chinese government; brand recognition; domestic enterprises; financial crisis; foreign businesses acquisition; foreign investors; outbound merger and acquisition; Asia; Business; Companies; Corporate acquisitions; Government; Investments; Petroleum; Power generation economics; Raw materials; TV;
fLanguage
English
Publisher
ieee
Conference_Titel
Management and Service Science, 2009. MASS '09. International Conference on
Conference_Location
Wuhan
Print_ISBN
978-1-4244-4638-4
Type
conf
DOI
10.1109/ICMSS.2009.5305881
Filename
5305881
Link To Document