【学术讲座】企业并购的大流行属性与区位规避

Pandemic Attributes and Location Avoidance of Firm Acquisitions

Guest Speaker: Prof. Jun XIA (University of Texas at Dallas)

Time/Date: 2 pm Saturday 3^rd, June 2023

Classroom:   Room 2101, Tongji Building A

ABSTRACT

From a threat avoidance perspective, this study develops new dimensions of external threats to examine the influence of pandemic attributes on the location choice of firm investments within a country. We conceptualize that a pandemic like Covid-19 can be characterized by its pervasiveness, volatility, and rhythm in a region. Integrating the threat-response literature and research on natural disasters, we propose that these pandemic characteristics in a region have negative impacts on the choice of that location for firm acquisition activities. We identify three corresponding mechanisms, pandemic spatial exposure, unpredictability, and constant exposure, to explain the relationships. Using a sample of U.S. public firms during the COVID-19 pandemic period, we found evidence supporting our predictions.

Jun Xia, PhD

Professor, Organizations, Strategy and International Management

Current / Recent Research

²  Organization theories (resource dependence, power and institutional process)

²  Corporate strategies (antecedents of mergers and acquisitions, joint ventures)

²  Social networks (outcomes of embeddedness)

²  International business (foreign market expansion, state ownership)