The impact of digital transformation on corporate cross-border mergers and acquisitions

This paper examines how corporate digital transformation improves the success rate of corporate cross-border M&A and explores the mediating role of internal management quality based on the data of cross-border transaction M&A of Chinese listed companies from 2009 to 2022. The study shows that digital transformation can significantly improve the success rate of cross-border M&A, enhance the information advantage of firms, improve information asymmetry, and improve internal management quality; internal management quality plays a mediating role between digital transformation and the success rate of cross-border M&A and these findings still hold after robustness tests.