Cross-border mergers and acquisitions in China.
My current research focuses on the agency costs of CSR in the context of cross-border M&A by Chinese A shares.
In my first chapter, I find that bidders with higher CSR performance prior to the announcement tend to achieve higher likelihood of deal completion, faster transaction completion, and better post-merger financial performance, which support the stakeholder value maximization theory of CSR in the context of China. In addition, whether the bidder is located in non-eastern China and state ownership could significantly influence the positive relationship between CSR performance and the post-merger financial performance.
1st Supervisor: Professor Gulnur Muradoglu2nd Supervisor: Professor Ni Peng
I’m Xianmin Liu, a current PhD researcher in Business and Management at Queen Mary University of London (QMUL). My research fields include corporate finance (especially cross-border M&A), corporate governance, CSR or ESG, and political connections.
Before entering QMUL, I obtained a master degree in public administration and a master degree in management science from University of Maryland, College Park and Guangdong University of Foreign Studies (GDUFS), respectively. Also, I hold a bachelor degree in accounting granted by GDUFS.
Affiliated research centre or group: Behavioural Finance Working Group (BFWG) and Centre for Globalisation Research (CGR)
CGR blog: Corporate social responsibility and cross-border M&A by Chinese firms