Research on Green M&A Performance of China National Nuclear Power From The Perspective of Resource Orchestration
DOI:
https://doi.org/10.62051/vh1tq378Keywords:
Green Mergers and Acquisitions; Resource Orchestration Theory; Green M&A Performance.Abstract
With the Chinese government attaching increasing importance to development concepts such as "carbon peaking and carbon neutrality" and "green sustainable development", clean energy has gradually become a key focus area for power enterprises in their transformation. The society's demand for clean energy is constantly rising, and the new energy industry is showing a trend of rapid development. At present, new energy technologies such as solar energy and wind energy have become relatively mature, and innovative technologies are continuously expanding the development scale and efficiency of the new energy industry. In terms of the policy environment, countries around the world have introduced a series of policy measures to promote the development of the new energy industry. China has provided strong policy support for new energy, and through the implementation of a series of large-scale policies, the government has given great attention and support to the development of the new energy industry. In addition, international organizations such as the International Energy Agency (IEA) and the United Nations Environment Programme (UNEP) have strengthened international cooperation and experience sharing by releasing a series of policy reports and recommendations. Against this background, China National Nuclear Power Co., Ltd. (CNNP) officially completed the acquisition of China Nuclear Energy Engineering Co., Ltd. (CNEEC) in 2020, which has exerted a significant impact on the development of CNNP in various aspects. Enterprises often obtain and occupy richer resources through mergers and acquisitions (M&A) and restructuring, but merely retaining resources within the enterprise cannot create competitive advantages. In contrast, the resource orchestration process focuses on the effective mobilization and utilization of resources to exert any potential advantages. Therefore, it is of great significance to explore how enterprises use M&A to enhance corporate value from the dynamic perspective of resource orchestration.
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