Proceedings of the 2018 5th International Conference on Management Science and Management Innovation (MSMI 2018)

Cross-industry M&A and Industrial Restructuring in China: A Study Based on Social Network Analysis

Authors
Mei QUAN, Qi YUE
Corresponding Author
Mei QUAN
Available Online April 2018.
DOI
https://doi.org/10.2991/msmi-18.2018.42How to use a DOI?
Keywords
Cross-industry Mergers and Acquisitions (MIMAs), Industrial restructuring, Social network analysis.
Abstract

Cross-industry M&A based on capital market plays an important role in industrial restructuring. Based on the cross-industry M&A transaction data of Chinese listed companies from 1998 to 2013, this paper uses Social Network Analysis method to analyze the law of industrial transfer and restructuring indicated by cross-industry M&A from the perspectives of network density, centrality, multidimensional analysis, and core-periphery structure analysis. The results show that the low density of cross-industry M&A networks presents a small-world effect; the centrality of industries varies largely. Manufacturing, as the pillar industry in China, has the highest degree of centrality and is the center of China's industrial transfer and restructuring; cross-industry M&A network shows an obvious Core-Periphery structure feature.

Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

Volume Title
Proceedings of the 2018 5th International Conference on Management Science and Management Innovation (MSMI 2018)
Series
Advances in Economics, Business and Management Research
Publication Date
April 2018
ISBN
978-94-6252-527-6
ISSN
2352-5428
DOI
https://doi.org/10.2991/msmi-18.2018.42How to use a DOI?
Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Mei QUAN
AU  - Qi YUE
PY  - 2018/04
DA  - 2018/04
TI  - Cross-industry M&A and Industrial Restructuring in China: A Study Based on Social Network Analysis
BT  - Proceedings of the 2018 5th International Conference on Management Science and Management Innovation (MSMI 2018)
PB  - Atlantis Press
SP  - 239
EP  - 244
SN  - 2352-5428
UR  - https://doi.org/10.2991/msmi-18.2018.42
DO  - https://doi.org/10.2991/msmi-18.2018.42
ID  - QUAN2018/04
ER  -