主题：Input Usage, Core Competencies and M&As

主讲：占超群 中山大学岭南学院

时间：2022年9月29日10:00

地点：经管院A204

点评人：陈仁静 44118太阳成城集团助理教授

主持人：郭汝飞 44118太阳成城集团副教授

主办单位：世界经济系，美国加拿大经济研究所

报告摘要：

The resource-based view holds that firms diversify to utilize “core competencies”. We contend that firms’ know-how in input usage is a key underlying element and study the implications for mergers and acquisitions. Firms, when entering new industries, are more likely to acquire targets with more similar inputs. Utilizing China’s WTO entry which lowered import tariffs as a natural experiment, we find that firms are more likely to acquire targets from other industries with exogenous increases in input similarity due to higher tariff reductions in their common inputs. Furthermore, the effects are more salient when affected inputs are differentiated, hard- to-substitute, or innovation intensive.

个人简介

占超群，中山大学岭南学院经济系助理教授，香港大学经济学博士，研究方向为国际贸易、中国经济和产业组织。论文发表于Journal of International Economics, Pacific Economic Review,《国际贸易问题》等国内外权威学术期刊，获安子介国际贸易论文奖、青木昌彦经济学论文奖提名奖，主持国家自然科学基金青年项目。