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

DOI

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/).

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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  - 10.2991/msmi-18.2018.42
ID  - QUAN2018/04
ER  -