Theimpact Of Terrorist Attacks On Cross-border Mergers And Acquisitions

One belt,one road,is becoming more and more important than the greenbelt investment.On the one hand one belt,one road,since 2013,the number of cross-border mergers and acquisitions in the countries along the world has been increasing.On the other hand,after the Iraq war,terrorist attacks occurred frequently,and the importance of counter-terrorism has become increasingly prominent.As a kind of political risk,terrorist attack is also attracting the attention of more and more scholars.Based on resource mobilization theory,rational choice theory and cultural conflict theory,this paper analyzes the causes of terrorist attacks,and further analyzes the impact of terrorist attacks,that is,leading to political "turbulence effect",economic "hindrance effect" and cultural "conflict effect",and then affecting cross-border M & A.Exploring how terrorist attacks affect crossborder mergers and acquisitions from the perspective of national risk can provide a reference basis for stabilizing the international situation,building a safe road with Chinese characteristics and maintaining world peace.In the regression,the total sample,regional sub sample,enterprise ownership nature division sample and religious belief sample are regressed respectively to compare the impact of terrorist attacks under different conditions.Finally,this paper will analyze whether the Belt and Road initiate policy has a peaceful effect.The main empirical conclusions are as follows: terrorist attacks have a significant negative impact on cross-border M & A,and have a greater impact on state-owned enterprises in the nature of the ownership of the initiator of M &A;In terms of the religious belief of the acquired party,it has a greater impact on cross-border M & A in non-Islamic countries;One belt,one road,has a significant impact on ASEAN,Europe,and the "one belt,one road" policy has significant peace effects by improving political,economic and cultural risks.Accordingly,countries should strengthen the friendly cooperation along the way to enhance the win-win situation of cross-border mergers and acquisitions.