Abstract Using the data of Chinese A-share listed companies in the M&A market from 2010 to 2015, this paper empirically analyzes the influence of corporate life cycle on the tendency of diversified M&A and the moderating effect of entrepreneurs’ social capital between these two aspects. The result shows that with the evolution of corporate life cycle, the possibility of diversified M&A increased gradually; entrepreneurs’ social capital can weaken the positive relationship between corporate life cycle and diversified M&A and it can increase the possibility of diversified M&A in growth period while reduce the possibility in recessions.
LIU Wen-Jie,BO Ai-Ling,QIU Jin-Long. Corporate Life Cycle, Entrepreneurs’ Social Capital and Diversified Merger and Acquisition. Economic Survey, 2017, 34(6): 0111.
2017, Vol. 34 
