为什么中国企业的跨国收购总是虎头蛇尾?中国企业在海外收购当地企业,曾经多次因为对方政府考虑到国家安全问题而受阻。但更多时候,中国企业虎头蛇尾,表态要收购后,却坚持不到最后。比如201 1年光明食品欲出资25亿美元收购美国营养品零售商GNC,可在收购交易即将达成时却不得不因无法获得国内行政审批而放弃收购。杜克大学的奥尔加·霍恩研究发 Why do Chinese companies’ cross-border acquisitions are always an anachronism? Chinese companies have acquired local companies overseas and have been repeatedly thwarted by the other government’s consideration of national security issues. However, more often than not, Chinese companies have become anxious, but they have not insisted on the final after they have taken the position. For example, in 2011, Bright Foods would like to invest US$2.5 billion in the purchase of US nutritional food retailer GNC. However, when the acquisition transaction is about to be completed, it will have to abandon the acquisition because it cannot obtain domestic administrative approval. Duke University’s Olga Horn Research