Evolutionary investment network and the emerging energy power in Central Asia: From the perspective of cross-border mergers and acquisitions

doi:10.1007/s11442-020-1815-7

	Evolutionary investment network and the emerging energy power in Central Asia: From the perspective of cross-border mergers and acquisitions
	He Ze 1,2,4,5; Chong Zhaohui 3; Yang Yu 1,2,5; Zhou Yannan 1,2,5; Liu Yi 1,2,5
刊名	JOURNAL OF GEOGRAPHICAL SCIENCES
	2020-11-01
卷号	30 期号:11 页码:1849-1870
关键词	energy power mergers and acquisitions evolutionary characteristic dynamic bargaining Central Asia
ISSN号	1009-637X
DOI	10.1007/s11442-020-1815-7
通讯作者	Yang Yu(yangyu@igsnrr.ac.cn)
英文摘要	Central Asia is emerging as an important pole of global economic and political power, thanks to its unique location at the heart of Eurasia and its abundance in energy reserves. This study explores the social power change in Central Asia from the perspective of cross-border mergers and acquisitions (M&A) by using the social network method. The main results are as follows: (1) The complexity of the energy M&A network has significantly decreased after the financial crisis in 2008. In the meantime, energy M&A became an important way to enhance energy power for buyer countries. Betweenness centrality is becoming the most significant factor affecting energy power, yet the effect of out-degree is weakening. (2) The community underwent multifaceted restructuring, which reflected the shift of energy power in Central Asia. Kazakhstan is the most powerful country in the energy sector in Central Asia. In addition, East Asian countries/regions, represented by China, are actively enhancing their energy power. (3) Different M&A modes reflect various M&A motivations of countries in the energy sector. In the future, more efforts should be made to promote the establishment of a pragmatic and efficient multilateral energy cooperation mechanism and strength the cooperation of the economy and energy finance when China participates in the energy market in Central Asia.
资助项目	Strategic Priority Research of the CAS[XDA20040400] ; National Natural Science Foundation of China[41871118] ; National Natural Science Foundation of China[42022007] ; China Scholarship Council[201904910633]
WOS关键词	ENTERPRISES ; OIL ; PROXIMITY ; PORTS ; SPACE ; ROAD
WOS研究方向	Physical Geography
语种	英语
出版者	SCIENCE PRESS
WOS记录号	WOS:000601562200007
资助机构	Strategic Priority Research of the CAS ; National Natural Science Foundation of China ; China Scholarship Council
内容类型	期刊论文
源URL	[http://ir.igsnrr.ac.cn/handle/311030/137801]
专题	中国科学院地理科学与资源研究所
通讯作者	Yang Yu
作者单位	1.Chinese Acad Sci, Inst Geog Sci & Nat Resources Res, Key Lab Reg Sustainable Dev Modeling, Beijing 100101, Peoples R China 2.Univ Chinese Acad Sci, Coll Resources & Environm, Beijing 100049, Peoples R China 3.Shantou Univ, Business Sch, Shantou 515063, Guangdong, Peoples R China 4.Univ Utrecht, Dept Human Geog & Spatial Planning, NL-3584 CB Utrecht, Netherlands 5.Inst Strategy Res Guangdong Hong Kong Macao Great, Guangzhou 510070, Peoples R China
推荐引用方式 GB/T 7714	He Ze,Chong Zhaohui,Yang Yu,et al. Evolutionary investment network and the emerging energy power in Central Asia: From the perspective of cross-border mergers and acquisitions[J]. JOURNAL OF GEOGRAPHICAL SCIENCES,2020,30(11):1849-1870.
APA	He Ze,Chong Zhaohui,Yang Yu,Zhou Yannan,&Liu Yi.(2020).Evolutionary investment network and the emerging energy power in Central Asia: From the perspective of cross-border mergers and acquisitions.JOURNAL OF GEOGRAPHICAL SCIENCES,30(11),1849-1870.
MLA	He Ze,et al."Evolutionary investment network and the emerging energy power in Central Asia: From the perspective of cross-border mergers and acquisitions".JOURNAL OF GEOGRAPHICAL SCIENCES 30.11(2020):1849-1870.