过去十多年里,中国企业购并呈现出历史上最繁荣的状态,其中以战略资产寻求型跨国购并最引人注目,通过对现有文献的梳理我们发现,虽然学者们提出了许多动机和驱动因素,但是以往研究往往只是从特定理论视角出发(如制度视角),结合个别案例研究,并未提出更深层次的驱动因素,无法完整呈现驱动因素的内容与整体结构,这会阻碍相关研究更为细致深入地展开。本文将以2001—2011年之间成功的战略资产寻求型的中国企业跨国购并交易为对象,通过扎根理论从宏观、行业、企业三个层次识别出七个主要的购并方驱动因素,分别为国际经济因素、母国因素、东道国因素、行业竞争、国际行业垄断、行业特征、企业战略和战略性资产短缺。 In the past ten years or so, the Chinese enterprises’ mergers and acquisitions have shown the most prosperous state in history. Among them, the most striking is the seeking of cross-border mergers and acquisitions by strategic assets. From the review of the existing literature, we find that although scholars have put forward many motives and drivers However, in the past, the researches often only proceeded from a specific theoretical perspective (such as the institutional perspective) and combined with individual case studies. They did not propose deeper drivers and did not fully present the content and overall structure of the drivers, which hindered the further research In-depth and detailed. This article will be based on the successful strategic asset-seeking cross-border mergers and acquisitions between 2001-2011 for the target, through rooted theory from the macro, industry, business three levels identified seven major mergers and drivers, respectively, for the international Economic factors, home country factors, host country factors, industry competition, international industry monopoly, industry characteristics, corporate strategy and strategic asset shortages.