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
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0969593117305541
Full text for ScienceDirect subscribers only

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:eee:iburev:v:27:y:2018:i:6:p:1270-1289

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/133/bibliographic
http://www.elsevier. ... me/133/bibliographic

DOI: 10.1016/j.ibusrev.2018.05.008

Access Statistics for this article

International Business Review is currently edited by P. Ghauri

More articles in International Business Review from Elsevier
Bibliographic data for series maintained by Catherine Liu ().