Adaptive Growth Path and Mechanism of Chinese Private Enterprises under Serial Cross-Border M&A:A Longitudinal Case Study on Midea
This article adopts the viewpoint of scientific and technological self-reliance and the innovation-driven development strategy.It examines the adaptive growth trajectory of Midea's cross-border mergers and acquisitions(M&A)from 1999 to 2017 as a case study,utilizing an exploratory longitudinal approach.The research aims to investigate the pathways and mechanisms through which Chinese private enterprises adapt and grow amidst a series of cross-border M&A activities.The study begins by reviewing the current literature on enterprise growth paths,pressures on growth,and mechanisms of adaptive growth.It then compiles an original database for Midea's growth,integrating both primary and secondary data sources.Following the literature review,the study analyzes the structured data derived from the first-and second-order coding of the original data.The findings suggest that during the process of successive cross-border M&A activities,Chinese private enterprises exhibit a dynamic evolution in their growth path,transitioning from"core product innovation capability"to"key field innovation capability,"and ultimately to"core industry cross-field innovation capability."Concurrently,a sequence of mechanisms—namely the"replacement mechanism,""transfer mechanism,"and"upgrading mechanism"—successively come into play.The study's outcomes not only contribute to the theoretical understanding of adaptive growth in Chinese private enterprises but also offer practical insights for these enterprises.They guide on how to surmount growth pressures and achieve self-reliance and enhancement in science and technology.The research enriches the discourse on adaptive growth theory within the context of serial cross-border M&A activities for Chinese private enterprises and offers management insights to help overcome growth disadvantages and achieve technological self-sufficiency and innovation.
serial cross-border M&Asadaptive growthChinese private enterprisesscientific and technological self-reliancecase study
NETL
NSTL
万方数据
