The + (String Concatenation) operator behaves differently when it works with an empty, zero-length string than when it works with NULL, or unknown values. A zero-length character string can be specified as two single quotation marks without any characters inside the quotation marks. A zero-length binary string can be specified as 0x without any byte values specified in the hexadecimal constant. Concatenating a zero-length string always concatenates the two specified strings. When you work with strings with a null value, the result of the concatenation depends on the session settings. Just like arithmetic operations that are performed on null values, when a null value is added to a known value the result is typically an unknown value, a string concatenation operation that is performed with a null value should also produce a null result. However, you can change this behavior by changing the setting of CONCAT_NULL_YIELDS_NULL for the current session. For more information, see SET CONCAT_NULL_YIELDS_NULL (Transact-SQL).
If the result of the concatenation of strings exceeds the limit of 8,000 bytes, the result is truncated. However, if at least one of the strings concatenated is a large value type, truncation does not occur.