We evaluate the impact of SARS-CoV-1 infection rates on inbound cross-border mergers & acquisitions (M&As) in China. Using transaction level data on cross-border M&As from 2002 to 2005, we show that Chinese provinces that experienced high level of SARS-CoV-1 infection rates, also suffered a...

The Belt and Road Initiative was introduced by President Xi in an attempt to further economic connections with partner countries and foster development within China. We examine the effect of the Initiative on Chinese cross-border M&As. We find that the Initiative significantly increases the...

We evaluate the impact of the 2003 SARS-CoV-1 epidemic on inbound cross-border M&As in China. Provinces that experienced high level of SARS infection rates, also suffered a significant decline in cross-border M&A activity, both in terms of the number of transactions and the overall dollar...