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Digital finance, life cycle, and enterprise mergers and acquisitions

Author

Listed:
  • Peng, Zhen
  • Bai, Fan
  • Zhao, Feng

Abstract

This study examine the relationship between digital finance and enterprise mergers and acquisitions. The study finds that: (1) Digital finance can significantly increase the probability of enterprise mergers and acquisitions; (2) The impact of digital finance on mergers and acquisitions varies across different enterprise life cycle stages, specifically in the growth and maturity stages, where the positive impact of digital finance on enterprise mergers and acquisitions is more significant; (3) The positive impact of digital finance on enterprise mergers and acquisitions ultimately significantly improves enterprise performance.

Suggested Citation

  • Peng, Zhen & Bai, Fan & Zhao, Feng, 2024. "Digital finance, life cycle, and enterprise mergers and acquisitions," Finance Research Letters, Elsevier, vol. 67(PB).
    • Handle: RePEc:eee:finlet:v:67:y:2024:i:pb:s1544612324008146
    DOI: 10.1016/j.frl.2024.105784
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    References listed on IDEAS

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    More about this item

    Keywords

    Digital finance; Mergers and acquisitions; Enterprise life cycle; Enterprise performance;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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