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An Analysis of the Present State of Sino-American Mergers and Acquisitions and Their Reasons for Success and Failure

Cummins, Evan Davis
http://rave.ohiolink.edu/etdc/view?acc_num=osu1306868453

Abstract Details

2011, Master of Arts, Ohio State University, East Asian Languages and Literatures.
Due to the ever-increasing trend towards economic globalization, cross-border mergers and acquisitions have sharply increased over the last two decades. The early 1990’s saw cross-border mergers and acquisitions entering into a new phase, becoming the primary method for foreign direct investment, and since then they have had a rapid and significant influence on the world economy. Representing the world’s two largest economies, Sino-American mergers and acquisitions have become increasingly more prolific, with a new wave occurring in the household appliance, IT, and manufacturing industries. This growing wave shows no signs of slowing down, and will most likely only continue to increase during the foreseeable future. Using cross-border mergers and acquisition theory as a basis, this paper looks at the issue of Sino-American mergers and acquisitions from the respective viewpoints of Chinese and American companies, focusing on the acquiring or dominant firm. Through detailed analysis of a series of successful and unsuccessful cases, this paper identifies the current major motivations, mistakes, and challenges of companies engaging in or seeking to engage in these mergers and acquisitions. This paper also uses detailed case analysis to highlight successful tactics that have been used by firms to lessen or avoid the associated risks and to bring about a successful outcome. This paper also enters into a detailed analysis of the current legal, political, economic, and societal factors that can affect the outcome of Sino-American mergers and acquisitions. Following the identification of the major risks, mistakes, and challenges associated with Sino-American mergers and acquisitions, a number of strategies are proposed for controlling risk and increasing the chances of success. This paper also proposes a number of recommendations for creating a legal and political environment more conducive to Sino-American mergers and acquisitions in both China and the United States. Lastly, this paper discusses the future focusing on the way in which current Chinese and American political, societal, and legal trends will create a more or less advantageous environment for companies engaging in or hoping to engage in Sino-American acquisitions in the future.
Jianqi Wang (Advisor)
Galal Walker (Committee Member)
140 p.
Asian Studies; Economics; Finance; Law
China; America; Mergers; Acquisitions; Sino-American; Binggou

Recommended Citations

Citations

  • Cummins, E. D. (2011). An Analysis of the Present State of Sino-American Mergers and Acquisitions and Their Reasons for Success and Failure [Master's thesis, Ohio State University]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=osu1306868453

    APA Style (7th edition)

  • Cummins, Evan. An Analysis of the Present State of Sino-American Mergers and Acquisitions and Their Reasons for Success and Failure. 2011. Ohio State University, Master's thesis. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=osu1306868453.

    MLA Style (8th edition)

  • Cummins, Evan. "An Analysis of the Present State of Sino-American Mergers and Acquisitions and Their Reasons for Success and Failure." Master's thesis, Ohio State University, 2011. http://rave.ohiolink.edu/etdc/view?acc_num=osu1306868453

    Chicago Manual of Style (17th edition)

osu1306868453
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© 2011, all rights reserved.
This open access ETD is published by The Ohio State University and OhioLINK.