Supply chain integrated merger and acquisitions (M&As) and firm energy performance
This paper examines the impact of upstream merger and acquisition (M&A) activities driven by supply chain integration motives on firm energy performance. By developing a microlevel theoretical framework, we examine the intricate relationship between firms’ upstream M&A strategies geared towa...
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| Format: | Article |
| Language: | English |
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KeAi Communications Co., Ltd.
2025-03-01
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| Series: | Chinese Journal of Population, Resources and Environment |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2325426225000038 |
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| _version_ | 1849762757214208000 |
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| author | Fengxiang Zhao Bo Wang Mei Yu |
| author_facet | Fengxiang Zhao Bo Wang Mei Yu |
| author_sort | Fengxiang Zhao |
| collection | DOAJ |
| description | This paper examines the impact of upstream merger and acquisition (M&A) activities driven by supply chain integration motives on firm energy performance. By developing a microlevel theoretical framework, we examine the intricate relationship between firms’ upstream M&A strategies geared toward supply chain integration and their energy efficiency. We examine the impact of upstream M&A activities on energy performance using data from Chinese listed companies from 2007 to 2021. Our findings reveal that upstream M&A initiatives can enhance firms’ energy efficiency, although there are discernible variations in the effects observed for M&A activities targeted downstream or within the same industry. By examining mechanisms, we elucidate the pivotal roles of input substitution effects and productivity enhancements through which upstream M&As boost energy performance. Furthermore, our analysis underscores the catalyzing impact of M&A activities in fostering collaborative innovation in green technologies among firms and suppliers, thus improving productivity and energy efficiency. We provide new microlevel evidence of the relationship between M&A transactions and corporate energy efficiency from upstream and downstream perspectives. |
| format | Article |
| id | doaj-art-2b65e6daa3f14be39a4a033a25943efa |
| institution | DOAJ |
| issn | 2325-4262 |
| language | English |
| publishDate | 2025-03-01 |
| publisher | KeAi Communications Co., Ltd. |
| record_format | Article |
| series | Chinese Journal of Population, Resources and Environment |
| spelling | doaj-art-2b65e6daa3f14be39a4a033a25943efa2025-08-20T03:05:39ZengKeAi Communications Co., Ltd.Chinese Journal of Population, Resources and Environment2325-42622025-03-01231273910.1016/j.cjpre.2025.01.003Supply chain integrated merger and acquisitions (M&As) and firm energy performanceFengxiang Zhao0Bo Wang1Mei Yu2School of International Business, Southwestern University of Finance and Economics, Chengdu 611130, ChinaSchool of International Business, Southwestern University of Finance and Economics, Chengdu 611130, China; Corresponding author.School of Business, Chengdu College of University of Electronic Science and Technology of China, Chengdu 611130, ChinaThis paper examines the impact of upstream merger and acquisition (M&A) activities driven by supply chain integration motives on firm energy performance. By developing a microlevel theoretical framework, we examine the intricate relationship between firms’ upstream M&A strategies geared toward supply chain integration and their energy efficiency. We examine the impact of upstream M&A activities on energy performance using data from Chinese listed companies from 2007 to 2021. Our findings reveal that upstream M&A initiatives can enhance firms’ energy efficiency, although there are discernible variations in the effects observed for M&A activities targeted downstream or within the same industry. By examining mechanisms, we elucidate the pivotal roles of input substitution effects and productivity enhancements through which upstream M&As boost energy performance. Furthermore, our analysis underscores the catalyzing impact of M&A activities in fostering collaborative innovation in green technologies among firms and suppliers, thus improving productivity and energy efficiency. We provide new microlevel evidence of the relationship between M&A transactions and corporate energy efficiency from upstream and downstream perspectives.http://www.sciencedirect.com/science/article/pii/S2325426225000038Supply chain integrationUpstream M&AsEnergy performance |
| spellingShingle | Fengxiang Zhao Bo Wang Mei Yu Supply chain integrated merger and acquisitions (M&As) and firm energy performance Chinese Journal of Population, Resources and Environment Supply chain integration Upstream M&As Energy performance |
| title | Supply chain integrated merger and acquisitions (M&As) and firm energy performance |
| title_full | Supply chain integrated merger and acquisitions (M&As) and firm energy performance |
| title_fullStr | Supply chain integrated merger and acquisitions (M&As) and firm energy performance |
| title_full_unstemmed | Supply chain integrated merger and acquisitions (M&As) and firm energy performance |
| title_short | Supply chain integrated merger and acquisitions (M&As) and firm energy performance |
| title_sort | supply chain integrated merger and acquisitions m as and firm energy performance |
| topic | Supply chain integration Upstream M&As Energy performance |
| url | http://www.sciencedirect.com/science/article/pii/S2325426225000038 |
| work_keys_str_mv | AT fengxiangzhao supplychainintegratedmergerandacquisitionsmasandfirmenergyperformance AT bowang supplychainintegratedmergerandacquisitionsmasandfirmenergyperformance AT meiyu supplychainintegratedmergerandacquisitionsmasandfirmenergyperformance |