National cultural distance and cross-border M&A

被引：0

作者：

Chand, Ashish ^{[1
]}

Jiang, Ruixiang ^{[2
]}

Zhao, Zhenling ^{[3
]}

机构：

[1] Belden Inc, Ind Automat, St Louis, MO USA

[2] City Univ Hong Kong, Dept Informat Syst, Hong Kong, Peoples R China

[3] Univ Sci & Technol China, Sch Management, Int Inst Finance, Hefei, Peoples R China

来源：

ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS | 2023年 / 30卷 / 05期

关键词：

National cultural distance; cross-border M&A; country cluster; UNITED-STATES; SHAREHOLDER WEALTH; ACQUISITIONS; PERFORMANCE; MERGERS; COMPLEMENTARITY; CHOICE;

D O I：

10.1080/16081625.2021.1947858

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Using cross-border M&A activities and national cultural scores from the Hofstede Insights organization, we study the impact of national cultural distance on cross-border M&As from 2008 to 2017. The empirical evidence shows that both the success of M&A attempts and the post-acquisition stock returns are negatively related to national cultural distance. We also test this negative relation considering the country cluster and industry effects.

引用

页码：1350 / 1367

页数：18

共 50 条

[31] Contracting Costs and Information Asymmetry Reduction in Cross-Border M&A
Boeh, Kevin K.
JOURNAL OF MANAGEMENT STUDIES, 2011, 48 (03) : 568 - 590
[32] DYNAMICS OF CROSS-BORDER M&A AS AN INCENTIVE TO DEVELOPMENT OF CROATIAN ECONOMY
Tomic, Daniel
EKONOMSKA ISTRAZIVANJA-ECONOMIC RESEARCH, 2009, 22 (01): : 134 - 148
[33] The Ecological Footprints of Greenfield FDI and Cross-border M&A Sales
Doytch, Nadia
Ashraf, Ayesha
ENVIRONMENTAL MODELING & ASSESSMENT, 2022, 27 (06) : 935 - 951
[34] The Search for Value: Cross-border Bank M&A in Emerging Markets
Williams, Jonathan
Liao, Angel
COMPARATIVE ECONOMIC STUDIES, 2008, 50 (02) : 274 - 296
[35] GOVERNMENT CONTROL OF CROSS-BORDER M&A: LEGITIMATE REGULATION OR PROTECTIONISM?
Heinemann, Andreas
JOURNAL OF INTERNATIONAL ECONOMIC LAW, 2012, 15 (03) : 843 - 870
[36] Chinese enterprise's wealth effect of cross-border M&A
Yang, Xingrui
ICITCE 2015 - 3RD INTERNATIONAL CONFERENCE ON INFORMATION TECHNOLOGY AND CAREER EDUCATION, 2016, 25
[37] Exploring the factors influencing the negotiation process in cross-border M&A
Ahammad, Mohammad Faisal
Tarba, Shlomo Y.
Liu, Yipeng
Glaister, Keith W.
Cooper, Cary L.
INTERNATIONAL BUSINESS REVIEW, 2016, 25 (02) : 445 - 457
[38] Mars-Venus marriages: Culture and cross-border M&A
Chakrabarti, Rajesh
Gupta-Mukherjee, Swasti
Jayaraman, Narayanan
JOURNAL OF INTERNATIONAL BUSINESS STUDIES, 2009, 40 (02) : 216 - 236
[39] China's OFDI policy announcements and cross-border M&A
Utesch-Xiong, Fredrik
INTERNATIONAL JOURNAL OF EMERGING MARKETS, 2022, 17 (06) : 1522 - 1542
[40] The impact of migration on the cross-border M&A: Some evidence for Japan
Etzo, Ivan
Takaoka, Sumiko
WORLD ECONOMY, 2018, 41 (09): : 2464 - 2490

← 1 2 3 4 5 →