Foreign M&A affects inventory adjustment of manufacturing enterprises through improving their production efficiency and expanding the market scale. To further analyze the impact and its mechanism, this study adopts a large scale, firm-level dataset from the Annual Survey of Industrial Firms...

Superstar firms, the few firms that outperform the rest significantly in profitability and/or productivity, are increasingly important for driving industry growth or export patterns. It is thus critical to understanding the vital factors contributing to their success. However, it is also...