Digital finance and M&As: An empirical study and mechanism analysis.

ABSTRACT: With the rapid growth and wide application of digital technology, enterprises have entered the digital era with both opportunities and challenges existing. Mergers and acquisitions are one of the most efficient ways to integrate resources and achieve profit growth, giving enterprises advantages in competing in the new mode of economic growth. Based on this, this research tries to explore whether the development of digital finance will contribute to the emergence of M&As activities through combining M&As data of the Chinese stock market with the digital finance inclusion index between 2012 and 2020. The results show that the development of digital finance largely influences M&As activities through lower acquirers' financial constraints. We further replace digital finance with three sub-inde

SUBMITTER: Jiang Z 

PROVIDER: S-EPMC10414609 | biostudies-literature | 2023

REPOSITORIES: biostudies-literature