National cultural distance and cross-border M&A
Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
Author(s)
Related Research Unit(s)
Detail(s)
| Original language | English |
|---|---|
| Journal / Publication | Asia-Pacific Journal of Accounting and Economics |
| Online published | 1 Jul 2021 |
| Publication status | Online published - 1 Jul 2021 |
Link(s)
Abstract
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.
Research Area(s)
- country cluster, cross-border M&A, National cultural distance
Citation Format(s)
National cultural distance and cross-border M&A. / Chand, Ashish; Jiang, Ruixiang; Zhao, Zhenling.
In: Asia-Pacific Journal of Accounting and Economics, 01.07.2021.Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
