Exploring the Trust and Innovation Mechanisms in M&A of China’s State Owned Enterprises with Mixed Ownership

This book is dedicated to strategic management research relating to China’s SOE. As China’s economic system of the day is featured by mixed ownership, state-owned enterprises (SOEs), under the New Normal of economic backdrop, are devoted to exploring the reform of stock resources reorganization, one of which is through mergers and acquisitions (M&A). This book explores the key points and difficulties in the successful reform of Chinese enterprises with mixed ownership by focusing on trust and innovation and by widely covering normative research, index evaluation system, game theory and empirical research with case study. It is significant for evaluating the reform of SOE in China by integrating the informal institutional aspects into the formal one and understanding the leading role of SOE in China’s economic development.

Introduction.- Literature Review on Chinese SOEs’ Mix Ownership-oriented M&A.- Theoretical Basis of Trust and Innovation Mechanism in M&A of China’s SOEs.- The Theoretical Framework of Trust and Innovation Mechanism in M&A of China’ SOEs.- Research on the Evaluation Index System of Trust and Innovation Studies Based on Mixed Ownership Reforms of SOEs.- Game analysis of China’s enterprise M&A pricing based on expected market excess reward.- Trust, innovation and M&A value: An empirical study in China.- Trust Mechanism and M&A Performance: Trust Mechanism in Chinese SOEs’ Mixed Ownership-oriented M&A.- A Case Study of Mixed Ownership-oriented M&A and Innovation-driven Development of Chinese SOEs.- Research Conclusions and Policy Recommendations for Mixed Ownership-oriented M&A of Chinese SOEs.

Yan WANG is Professor in Management at Guangdong University of Foreign Studies and is Senior Accountant with CPA. She has a Doctorate in Accounting and Postdoctorate in Management, and her publications include a wide range of papers on CSSCI, SSCI and EI since 2014, including Management World, Nankai Business Review, Accounting Research, Management Review, Economic Daily. She also authored a series of research reports adopted by Ministries and Commissions as well as provincial governments and won the title of Distinguished Yunshan Scholar of GUDFS, the 7th and the 8th Guangdong Provincial Philosophy and Social Science Outstanding Achievement Award (2017 and 2019).