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

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Author(s)

  • Ashish Chand
  • Ruixiang Jiang
  • Zhenling Zhao

Related Research Unit(s)

Detail(s)

Original languageEnglish
Journal / PublicationAsia-Pacific Journal of Accounting and Economics
Online published1 Jul 2021
Publication statusOnline published - 1 Jul 2021

Link(s)

DOI

DOI
Check@CityULib
Link to Scopus https://www.scopus.com/record/display.uri?eid=2-s2.0-85109260955&origin=recordpage
Permanent Link https://scholars.cityu.edu.hk/en/publications/publication(9106d96c-eb3a-4f43-b0f8-b59f20d0bee9).html

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)

[ RIS ] [ BibTeX ]

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