Science Research Management

Science Research Management ›› 2018, Vol. 39 ›› Issue (10): 90-99.

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Business ties, technology fit and international competitiveness of firms from the cross-border M&A perspective

Cheng Cong1, Wang Lifeng2, Zhong Huihui3, Chen Ying4   

  1. 1. China Institute for Small and Medium Enterprise, Zhejiang University of Technology, Hangzhou 310023, Zhejiang, China;
    2. School of Economy and Management, Zhejiang University of Technology, Hangzhou 310023, Zhejiang, China;
    3. Research Center for Technological Innovation and Enterprise Internationalization, Zhejiang Provincial Key Research Institute of Philosophy and Social Science, Hangzhou 310023, Zhejiang, China;
    4.  School of Business Management, Zhejiang Gongshang University, Hangzhou 310018, Zhejiang, China
  • Received:2015-12-04 Revised:2018-01-19 Online:2018-10-20 Published:2018-10-12

Abstract: whether entering related industry or not is linked seriously to firm’s international competitiveness. This paper obtains the data from 186 cross-border M&A enterprises in Chang sanjiao area, to analyze the effect between degree of business ties and firm’s international competitiveness. The result shows that: technology fit has a mediating effect between degree of business ties and firm’s international competitiveness during Chinese companies’ M&A process. The higher degree of environment dynamics, the more close between the degree of business ties and technology fit, but has no influencing effect between technology fit and firm’s international competitiveness. In a word, environment dynamics moderates the mediating effect of technology fit between degree of business ties and firm’s international competitiveness.

Key words: business ties, environment dynamics, technology fit, firm’s international competitiveness