This book constructs an innovative theoretical analysis framework for corporate consolidation
through M&A under the condition of government competition during the transition period. Under
the condition of transitional economy the government is an important agent in economic
development. Government behaviors especially government competitions are institutional
variables that affect enterprise behaviors and corporate consolidation. Based on the
perspective of local government competition starting from the essential problems of China's
enterprise M&A during the transition period and taking ¿the existence of M&A waves-the
occurrence mechanism of M&A under government competition-the process of corporate consolidation
under government competition¿the macro and micro effects of M&A¿ as the main line this book
reveals the mechanism and effects of enterprise M&A on the evolution of industrial economic
structure and regional economic structure under the paradigm of government competition. At the
same time taking ¿the motivations for government competition-conducts of government
competition-effects of government competition¿ as the hidden line the path of government
competition and its impact mechanism are investigated. Relevant analysis of government
competition is embodied in the logical framework of M&A and corporate consolidation.
