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National culture, managerial preferences, and takeover performance

Wolfgang Breuer, Bushra Ghufran and Astrid Juliane Salzmann

International Business Review, 2018, vol. 27, issue 6, 1270-1289

Abstract: •National culture is statistically significant in explaining different levels of takeover performance.•Countries with high individualism and uncertainty avoidance exhibit lower post-acquisition risk and stock price performance.•Masculinity has a positive effect on relative deal size and the takeover outcomes.•Results are more pronounced in the case of domestic transactions and for less globalized acquirer firms.

Keywords: Cross-cultural; Cultural values; Managerial preferences; Mergers and acquisitions (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:eee:iburev:v:27:y:2018:i:6:p:1270-1289