{"id":"https://openalex.org/W4220759166","doi":"https://doi.org/10.3390/systems10020032","title":"Firm Heterogeneities, Multi-Dimensional Proximities, and Systematic Dynamics of M&amp;A Partnering: Evidences from Transitional China","display_name":"Firm Heterogeneities, Multi-Dimensional Proximities, and Systematic Dynamics of M&amp;A Partnering: Evidences from Transitional China","publication_year":2022,"publication_date":"2022-03-08","ids":{"openalex":"https://openalex.org/W4220759166","doi":"https://doi.org/10.3390/systems10020032"},"language":"en","primary_location":{"id":"doi:10.3390/systems10020032","is_oa":true,"landing_page_url":"https://doi.org/10.3390/systems10020032","pdf_url":"https://www.mdpi.com/2079-8954/10/2/32/pdf?version=1646732841","source":{"id":"https://openalex.org/S4210219410","display_name":"Systems","issn_l":"2079-8954","issn":["2079-8954"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Systems","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://www.mdpi.com/2079-8954/10/2/32/pdf?version=1646732841","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5040673700","display_name":"Jiawei Wu","orcid":"https://orcid.org/0000-0002-7290-4338"},"institutions":[{"id":"https://openalex.org/I19820366","display_name":"Chinese Academy of Sciences","ror":"https://ror.org/034t30j35","country_code":"CN","type":"government","lineage":["https://openalex.org/I19820366"]},{"id":"https://openalex.org/I4210134482","display_name":"Nanjing Institute of Geography and Limnology","ror":"https://ror.org/03k6r8t20","country_code":"CN","type":"facility","lineage":["https://openalex.org/I19820366","https://openalex.org/I4210134482"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Jiawei Wu","raw_affiliation_strings":["Key Laboratory of Watershed Geographic Sciences, Nanjing Institute of Geography and Limnology, Chinese Academy of Sciences, Nanjing 210008, China"],"raw_orcid":"https://orcid.org/0000-0002-7290-4338","affiliations":[{"raw_affiliation_string":"Key Laboratory of Watershed Geographic Sciences, Nanjing Institute of Geography and Limnology, Chinese Academy of Sciences, Nanjing 210008, China","institution_ids":["https://openalex.org/I19820366","https://openalex.org/I4210134482"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5040673700"],"corresponding_institution_ids":["https://openalex.org/I19820366","https://openalex.org/I4210134482"],"apc_list":{"value":1600,"currency":"CHF","value_usd":1782},"apc_paid":{"value":1600,"currency":"CHF","value_usd":1782},"fwci":0.3359,"has_fulltext":false,"cited_by_count":2,"citation_normalized_percentile":{"value":0.65539941,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":94,"max":96},"biblio":{"volume":"10","issue":"2","first_page":"32","last_page":"32"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10003","display_name":"Innovation and Knowledge Management","score":0.9983000159263611,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10003","display_name":"Innovation and Knowledge Management","score":0.9983000159263611,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10415","display_name":"International Business and FDI","score":0.9926999807357788,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9922000169754028,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/restructuring","display_name":"Restructuring","score":0.7240080237388611},{"id":"https://openalex.org/keywords/economic-geography","display_name":"Economic geography","score":0.5747870802879333},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.5520768165588379},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.542145848274231},{"id":"https://openalex.org/keywords/china","display_name":"China","score":0.46365460753440857},{"id":"https://openalex.org/keywords/investment","display_name":"Investment (military)","score":0.4319417178630829},{"id":"https://openalex.org/keywords/mergers-and-acquisitions","display_name":"Mergers and acquisitions","score":0.4317699670791626},{"id":"https://openalex.org/keywords/geographical-distance","display_name":"Geographical distance","score":0.41850078105926514},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.2801986336708069},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.18769297003746033},{"id":"https://openalex.org/keywords/geography","display_name":"Geography","score":0.11390280723571777}],"concepts":[{"id":"https://openalex.org/C45237549","wikidata":"https://www.wikidata.org/wiki/Q1376796","display_name":"Restructuring","level":2,"score":0.7240080237388611},{"id":"https://openalex.org/C26271046","wikidata":"https://www.wikidata.org/wiki/Q187097","display_name":"Economic geography","level":1,"score":0.5747870802879333},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5520768165588379},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.542145848274231},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.46365460753440857},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.4319417178630829},{"id":"https://openalex.org/C548217281","wikidata":"https://www.wikidata.org/wiki/Q731112","display_name":"Mergers and acquisitions","level":2,"score":0.4317699670791626},{"id":"https://openalex.org/C79876807","wikidata":"https://www.wikidata.org/wiki/Q3030660","display_name":"Geographical distance","level":3,"score":0.41850078105926514},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2801986336708069},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.18769297003746033},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.11390280723571777},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C2908647359","wikidata":"https://www.wikidata.org/wiki/Q2625603","display_name":"Population","level":2,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C149923435","wikidata":"https://www.wikidata.org/wiki/Q37732","display_name":"Demography","level":1,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.3390/systems10020032","is_oa":true,"landing_page_url":"https://doi.org/10.3390/systems10020032","pdf_url":"https://www.mdpi.com/2079-8954/10/2/32/pdf?version=1646732841","source":{"id":"https://openalex.org/S4210219410","display_name":"Systems","issn_l":"2079-8954","issn":["2079-8954"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Systems","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:6c093a842a7447afa4c949a7f4364b64","is_oa":true,"landing_page_url":"https://doaj.org/article/6c093a842a7447afa4c949a7f4364b64","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Systems, Vol 10, Iss 2, p 32 (2022)","raw_type":"article"},{"id":"pmh:oai:mdpi.com:/2079-8954/10/2/32/","is_oa":true,"landing_page_url":"https://dx.doi.org/10.3390/systems10020032","pdf_url":null,"source":{"id":"https://openalex.org/S4306400947","display_name":"MDPI (MDPI AG)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I4210097602","host_organization_name":"Multidisciplinary Digital Publishing Institute (Switzerland)","host_organization_lineage":["https://openalex.org/I4210097602"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Systems; Volume 10; Issue 2; Pages: 32","raw_type":"Text"}],"best_oa_location":{"id":"doi:10.3390/systems10020032","is_oa":true,"landing_page_url":"https://doi.org/10.3390/systems10020032","pdf_url":"https://www.mdpi.com/2079-8954/10/2/32/pdf?version=1646732841","source":{"id":"https://openalex.org/S4210219410","display_name":"Systems","issn_l":"2079-8954","issn":["2079-8954"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Systems","raw_type":"journal-article"},"sustainable_development_goals":[],"awards":[{"id":"https://openalex.org/G1484573555","display_name":"\u4e2d\u56fd\u4f01\u4e1a\u672c\u571f\u5e76\u8d2d\u7684\u65f6\u7a7a\u52a8\u6001\u3001\u914d\u9009\u673a\u5236\u53ca\u591a\u7ef4\u6548\u5e94\u7814\u7a76\uff1a\u4ee5\u957f\u4e09\u89d2\u5730\u533a\u4e3a\u4f8b","funder_award_id":"42001138","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"}],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"}],"has_content":{"grobid_xml":false,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4220759166.pdf"},"referenced_works_count":66,"referenced_works":["https://openalex.org/W1481601532","https://openalex.org/W1491647935","https://openalex.org/W1664119637","https://openalex.org/W1941851496","https://openalex.org/W1964482998","https://openalex.org/W1966917959","https://openalex.org/W1969939313","https://openalex.org/W1976601847","https://openalex.org/W1993748416","https://openalex.org/W1998277336","https://openalex.org/W1998456090","https://openalex.org/W2001702785","https://openalex.org/W2005933182","https://openalex.org/W2015651175","https://openalex.org/W2019272745","https://openalex.org/W2025592770","https://openalex.org/W2066324154","https://openalex.org/W2069477805","https://openalex.org/W2070926770","https://openalex.org/W2078405303","https://openalex.org/W2085514097","https://openalex.org/W2097697747","https://openalex.org/W2107756094","https://openalex.org/W2113683225","https://openalex.org/W2129208071","https://openalex.org/W2133565391","https://openalex.org/W2134480413","https://openalex.org/W2139838034","https://openalex.org/W2141172923","https://openalex.org/W2155858546","https://openalex.org/W2157272513","https://openalex.org/W2159091631","https://openalex.org/W2175446480","https://openalex.org/W2258737162","https://openalex.org/W2309938997","https://openalex.org/W2313138796","https://openalex.org/W2345356179","https://openalex.org/W2398888603","https://openalex.org/W2465847170","https://openalex.org/W2473912592","https://openalex.org/W2520897580","https://openalex.org/W2565445364","https://openalex.org/W2600619538","https://openalex.org/W2734677730","https://openalex.org/W2766194280","https://openalex.org/W2770138679","https://openalex.org/W2795105825","https://openalex.org/W2802082848","https://openalex.org/W2830324628","https://openalex.org/W2884137919","https://openalex.org/W2901537076","https://openalex.org/W2907169104","https://openalex.org/W2947303380","https://openalex.org/W3000217051","https://openalex.org/W3010564719","https://openalex.org/W3016712083","https://openalex.org/W3025933749","https://openalex.org/W3082364998","https://openalex.org/W3113274700","https://openalex.org/W3124149805","https://openalex.org/W3134410790","https://openalex.org/W3190058886","https://openalex.org/W3205688236","https://openalex.org/W4252088953","https://openalex.org/W6629344202","https://openalex.org/W6642810223"],"related_works":["https://openalex.org/W2376397586","https://openalex.org/W2377702023","https://openalex.org/W3125408769","https://openalex.org/W2737704415","https://openalex.org/W3000170293","https://openalex.org/W2351904429","https://openalex.org/W2183703536","https://openalex.org/W1520487011","https://openalex.org/W2910054106","https://openalex.org/W3155714255"],"abstract_inverted_index":{"Corporate":[0],"investment":[1,218],"strategies":[2],"and":[3,12,18,30,39,50,85,92,114,124,142,150,159,171,187,208,226],"decision-making":[4,219],"processes":[5,220],"are":[6,96,163],"crucial":[7,155],"for":[8,99,122,156],"understanding":[9],"the":[10,23,60,73,80,105,136,167,178,185,194,217],"operation":[11],"evolution":[13],"of":[14,26,63,82,107,140,180,221],"socioeconomic":[15],"systems.":[16],"Mergers":[17],"acquisitions":[19],"(M&amp;As)":[20],"have":[21],"been":[22],"main":[24],"mode":[25],"corporate":[27,34,168],"investment,":[28],"growth,":[29],"upgrading,":[31],"deeply":[32],"affecting":[33],"reorganization,":[35],"regional":[36,67],"industrial":[37,149],"restructuring,":[38],"economic":[40],"globalization.":[41],"By":[42],"building":[43],"a":[44,131],"database":[45],"including":[46],"5543":[47],"M&amp;A":[48,53,64,100,112],"partnerings":[49],"1.89":[51],"million":[52],"non-partnerings,":[54],"this":[55],"study":[56],"aims":[57],"to":[58,79],"uncover":[59],"systematic":[61],"dynamics":[62,196],"partnering":[65],"in":[66,135,224],"China":[68],"during":[69],"different":[70],"phases":[71],"since":[72],"mid-1990s,":[74],"with":[75,166],"particular":[76],"attention":[77],"given":[78],"effects":[81,106],"firm":[83,204],"heterogeneities":[84],"multi-dimensional":[86,108],"proximities.":[87],"Although":[88],"geographical,":[89],"cognitive,":[90],"organizational,":[91],"institutional":[93,128],"proximity":[94,119,129,146,182,198,206],"dimensions":[95],"significantly":[97],"influential":[98],"partnering,":[101],"we":[102],"find":[103],"that":[104,162,177,203],"proximities":[109],"differ":[110],"across":[111],"types":[113],"involving":[115],"firms.":[116],"Specifically,":[117],"organizational":[118],"matters":[120],"more":[121,132,154],"large-":[123],"medium-sized":[125],"acquirers,":[126],"while":[127],"plays":[130],"vital":[133],"role":[134],"acquisition":[137],"target":[138],"selection":[139],"private-owned":[141],"small-sized":[143],"acquirers.":[144],"Cognitive":[145],"measured":[147],"by":[148],"technical":[151],"relatedness":[152],"is":[153],"horizontal,":[157],"vertical,":[158],"conglomerate":[160],"M&amp;As":[161],"tightly":[164],"associated":[165],"product,":[169],"technical,":[170],"functional":[172],"upgrading.":[173],"The":[174],"results":[175],"indicate":[176],"benefits":[179],"cognitive":[181],"may":[183],"offset":[184],"risks":[186],"costs":[188],"resulting":[189],"from":[190],"long-distance":[191],"M&amp;As,":[192],"demonstrating":[193],"interactive":[195],"between":[197],"dimensions.":[199],"Our":[200],"findings":[201],"suggest":[202],"heterogeneities,":[205],"dynamics,":[207],"contextual":[209],"factors":[210],"should":[211],"be":[212],"focused":[213],"on":[214],"when":[215],"explaining":[216],"individual":[222],"corporations":[223],"emerging":[225],"transitional":[227],"economies":[228],"such":[229],"as":[230],"China.":[231]},"counts_by_year":[{"year":2023,"cited_by_count":2}],"updated_date":"2026-07-22T07:51:19.307946","created_date":"2022-04-03T00:00:00"}
