Table 1.
Research Status.
Table 2.
Current State of Data Protection Governance in Representative Economies.
Table 3.
Industry classification of the Digital Economy.
Fig 1.
Line graph of China’s digital cross-border M&A.
Table 4.
Indicator system of digital infrastructure level in the host countries.
Table 5.
Descriptive statistics for the main variables in the model.
Table 6.
Baseline regression estimates results.
Fig 2.
Parallel Trends Test.
Table 7.
Robustness test results.
Fig 3.
Placebo Test.
Table 8.
Heterogeneity test regression results.
Table 9.
Moderation effect model regression results.