National culture, managerial preferences, and takeover performance
Bushra Ghufran and
Astrid Juliane Salzmann
International Business Review, 2018, vol. 27, issue 6, 1270-1289
•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)
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