Study Of Cross-border Mergers And Acquisitions Of Chinese Enterprises

Modern enterprises have grown and developed constantly. And this fact has proven that, in the open global economic environment, it is impossible for an enterprise to develop if confined in its own country. As its own strength increases gradually and the global competition becomes tense, it's likely that an enterprise goes out of its country, develops international market and integrates itself into the large environment of the international economic development when it possesses necessary conditions. Cross-border M& A (mergers and acquisitions) is a choice for enterprises to go into international market and to implement international strategy. The paper is designed to discuss the Cross-border M& A of Chinese enterprises from the angle of the resource base of the enterprises. By adopting such methods as comparative analysis and positive analysis, the paper proposes a framework of strategic analysis for the Cross-border M &A of enterprises, and it advises that Chinese enterprises should attach importance to the resources obtained from Cross-border M & A and strengthen the integration of the old and new resources, so that they can promote the competitive edge of the whole resources and to realize the international growth of enterprises in the real sense.