Industrial Policy under Social Construction: The Merger and Acquisition of Carlyle and Xuzhou Construction Machinery Group

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	Industrial Policy under Social Construction: The Merger and Acquisition of Carlyle and Xuzhou Construction Machinery Group
	Zhen Zhihong 1; Zhu Ning 2
刊名	CHINA-AN INTERNATIONAL JOURNAL
	2016-02
卷号	14 期号:1 页码:56-73
ISSN号	0219-7472
英文摘要	The merger and acquisition (M&A) of Carlyle and Xuzhou Construction Machinery Group (XCMG) is an important takeover case between a foreign corporation and a leading Chinese enterprise in recent years that deserves the special attention of researchers interested in the Chinese political economy. This case involves multiple actors and a complicated institution environment. For the agreement to be reached, this M&A case required the approval of Xuzhou municipality, Jiangsu province and the central government of China. Regulatory authorities such as the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), National Development and Reform Commission (NDRC) and Department of Foreign Investment Administration and Ministry of Commerce of China were also actively involved in the process. Moreover, the M&A activity of Carlyle-XCMG took place in the context of an important shift in China's development strategy from "market in exchange for technology" to "independent innovation". In accommodating the shift, the state administration adjusted its development-oriented ideologies towards "independent innovation", which had had an impact on the M&A case of Carlyle and XCMG.
WOS研究方向	Area Studies
语种	英语
出版者	NUS PRESS PTE LTD
WOS记录号	WOS:000383152000005
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/1354]
专题	上海财经大学
通讯作者	Zhen Zhihong
作者单位	1.Shanghai Univ, Sch Sociol & Polit Sci, Shanghai 200041, Peoples R China; 2.Shanghai Univ Finance & Econ, Dept Econ Sociol, Shanghai, Peoples R China
推荐引用方式 GB/T 7714	Zhen Zhihong,Zhu Ning. Industrial Policy under Social Construction: The Merger and Acquisition of Carlyle and Xuzhou Construction Machinery Group[J]. CHINA-AN INTERNATIONAL JOURNAL,2016,14(1):56-73.
APA	Zhen Zhihong,&Zhu Ning.(2016).Industrial Policy under Social Construction: The Merger and Acquisition of Carlyle and Xuzhou Construction Machinery Group.CHINA-AN INTERNATIONAL JOURNAL,14(1),56-73.
MLA	Zhen Zhihong,et al."Industrial Policy under Social Construction: The Merger and Acquisition of Carlyle and Xuzhou Construction Machinery Group".CHINA-AN INTERNATIONAL JOURNAL 14.1(2016):56-73.