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The impact of digital transformation on corporate cross-border mergers and acquisitions

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  • Zhang, Mingyue
  • Peng, Donghui

Abstract

This paper examines how corporate digital transformation improves the success rate of corporate cross-border M&A and explores the mediating role of internal management quality based on the data of cross-border transaction M&A of Chinese listed companies from 2009 to 2022. The study shows that digital transformation can significantly improve the success rate of cross-border M&A, enhance the information advantage of firms, improve information asymmetry, and improve internal management quality; internal management quality plays a mediating role between digital transformation and the success rate of cross-border M&A and these findings still hold after robustness tests.

Suggested Citation

  • Zhang, Mingyue & Peng, Donghui, 2023. "The impact of digital transformation on corporate cross-border mergers and acquisitions," Finance Research Letters, Elsevier, vol. 58(PB).
    • Handle: RePEc:eee:finlet:v:58:y:2023:i:pb:s1544612323007997
    DOI: 10.1016/j.frl.2023.104427
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    1. Ding, Yibing & Li, Jing & Song, Yang & Sahut, Jean-Michel, 2024. "How does the cross-border M&A network affect digital innovation? Empirical evidence from Chinese listed companies," Research in International Business and Finance, Elsevier, vol. 70(PB).

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