The Influence of Intellectual Property Mergers and Acquisitions on Long-Term Financial Performance: Insights from Chinese Companies

DOI

10.2991/978-94-6463-835-6_85How to use a DOI?

Keywords

IP M&A; ROIC; China; Regional Heterogeneity; Innovation Mechanism; Triple Difference; M&A Direction

Abstract

This study examines the long-term financial effects of intellectual property-related M&As (IP M&As) in China, using ROIC as the main performance metric. Based on a panel of listed firms from 2000–2020, it first applies a DID model to compare IP M&As with regular deals, then extends to a DDD framework to assess directional heterogeneity (North-to-South, South-to-North, intra-regional). Results show IP M&As improve ROIC, especially in North-to-South transactions. Mechanism analysis confirms enhanced innovation output, though its financial conversion may face institutional or integration frictions. The study highlights the strategic value of IP M&As and the importance of regional context in post-deal performance.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Mingyue Fang
PY  - 2025
DA  - 2025/09/17
TI  - The Influence of Intellectual Property Mergers and Acquisitions on Long-Term Financial Performance: Insights from Chinese Companies
BT  - Proceedings of the 2025 3rd International Academic Conference on Management Innovation and Economic Development (MIED 2025)
PB  - Atlantis Press
SP  - 809
EP  - 819
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-835-6_85
DO  - 10.2991/978-94-6463-835-6_85
ID  - Fang2025
ER  -