National Cultural Distance and Cross-Border Acquisition Performance

Piero Morosini, Scott Shane and Harbir Singh
Additional contact information
Piero Morosini: The Wharton School of the University of Pennsylvania
Scott Shane: Massachusetts Institute of Technology
Harbir Singh: The Wharton School of the University of Pennsylvania

Journal of International Business Studies, 1998, vol. 29, issue 1, 137-158

Abstract: Previous theoretical research has argued that national cultural distance hinders cross-border acquisition performance by increasing the costs of integration. This article tests the alternative hypothesis that national cultural distance enhances cross-border acquisition performance by providing access to the target's and/or the acquirer's diverse set of routines and repertoires embedded in national culture. Using a multi-dimensional measure of national cultural distance and controlling for other effects, we examine a sample of 52 cross-border acquisitions that took place between 1987 and 1992, and find a positive association between national cultural distance and cross-border acquisition performance.© 1998 JIBS. Journal of International Business Studies (1998) 29, 137–158

Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (245)

Downloads: (external link)
http://www.palgrave-journals.com/jibs/journal/v29/n1/pdf/8490029a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/jibs/journal/v29/n1/full/8490029a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:jintbs:v:29:y:1998:i:1:p:137-158

Ordering information: This journal article can be ordered from
http://www.springer. ... nt/journal/41267/PS2

Access Statistics for this article

Journal of International Business Studies is currently edited by John Cantwell

More articles in Journal of International Business Studies from Palgrave Macmillan, Academy of International Business
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().