The effect of China's mergers and acquisitions on provinces' economy: An empirical study based on panel data regression

被引：0
|
作者：
Han X. [1 ]
Cui R. [1 ,2 ]
Lu F. [1 ,2 ]
机构：
[1] School of Economics and Management, University of Chinese Academy of Sciences, Beijing
[2] Academy of Mathematics & Systems Science, Chinese Academy of Sciences, Beijing
来源：
Xitong Gongcheng Lilun yu Shijian/System Engineering Theory and Practice | 2021年 / 41卷 / 11期
基金：
中国国家自然科学基金;
关键词：
Acquisitions; Panel data model; Production function; Spatial regression;
D O I：
10.12011/SETP2020-0730
中图分类号：
学科分类号：
摘要：
In this paper, the panel data model is used to analyze the effect of mergers and acquisitions (M&A) on the provinces' economy in China. The empirical results from panel data model show that the coefficient of M&A on each province's economy is significantly positive, indicating that enterprise acquisitions have positive and promoting effect on the economic development of each province in China. Furthermore, Moran's I spatial correlation test and the spatial panel data model show that there is an obvious spatial autocorrelation in the M&A behavior and economic development of Chinese provinces and cities. While promoting the economic development of the provinces and cities where the M&A are located, under the state of economic agglomeration, the M&A of the economically better developed provinces and cities has an obvious positive effect on the economic development of the neighboring provinces and cities through the spatial spillover effect. © 2021, Editorial Board of Journal of Systems Engineering Society of China. All right reserved.
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页码：2777 / 2785
页数：8
相关论文
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