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An Empirical Analysis on the Risk Reduction Effect of Chinese Enterprises Cross-Border Acquisitions by International Students in China

Year: 2025
Type: article
Abstract: International students are becoming increasingly significant in the economy and society due to globalization. This paper uses the data of cross-border M&A of Chinese enterprises from 2003 to 2019 and the data of global international students in China to investigate the impact of international students in China on overseas M&A of Chinese enterprises. Our analysis shows that non-degree program students in China have a more significant impact on Chinese enterprises’ overseas M&A than degree program students. Overseas students in China promote the development of Chinese enterprises’ overseas M&A but also encourage Chinese enterprises to carry out M&A in the target country by lowering the target country’s national risk. The results of the heterogeneity analysis show that there are differences in market types and purposes for studying in China.
Language: English
Open Access status: diamond
OpenAlex ID: W4410838226
FWCI:
Cites: 19
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Related to: 10