| ID | 193000 |
| Title Proper | Geographical rotation of local officials and enterprise cross-city mergers and acquisitions in China |
| Language | ENG |
| Author | Huang, Liangxiong (et.al) |
| Summary / Abstract (Note) | The economic impact of the geographical rotation of local officials is important in China's official management system. This study used a zero-inflated Poisson regression model and found that the geographical rotation of local officials significantly increased cross-city mergers and acquisitions (M&As) of enterprises. The impact of local officials' geographical rotation on M&As was more pronounced under certain conditions. These conditions included: (i) when officials were transferred from cities with a higher development level to cities with a lower development level; (ii) when the outflow cities were municipalities directly governed by the central government, provincial capitals, or separately listed cities; (iii) when the transfers of officials occurred within the same province; (iv) when the transfers took place before 2012; and (v) when the transfers happened in the years following significant central government conferences, which provided strong political incentives for M&As. |
| `In' analytical Note | China and World Economy Vol. 31, No.4; Jul-Aug 2023: p.66-89 |
| Journal Source | China and World Economy Vol: 31 No 4 |
| Key Words | Poisson Model ; M&As ; Geographical Rotation of Local Officials |