 Corruption transfer and acquisition performanceChia-Wei Huang, Chih-Yen Lin, Wen-Chun Lin and Yun-Ching Tsai Journal of Banking & Finance, 2022, vol. 135, issue C Abstract: The relationship between corruption and acquisition performance is examined in this study, with a focus on stakeholder support. The findings indicate that total acquisition-related gains are reduced when firms with lower corruption pressures acquire targets with higher corruption pressures. Moreover, a negative relationship is highlighted between the corruption differential and the level of support provided by stakeholders. In addition, merger and acquisition deals with higher corruption differences receive lower average support from suppliers, customers, and employees. The evidence suggests that stakeholder commitment is a possible channel through which corruption affects corporate performance. Implementing anticorruption efforts and operating as a multinational corporation are two important factors that may reduce the impact of corruption on acquisition performance. Keywords: Corruption; Mergers and acquisitions; Corporate performance; Synergistic gains; Stakeholder support (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jbfina:v:135:y:2022:i:c:s0378426621003204 DOI: 10.1016/j.jbankfin.2021.106369 Access Statistics for this article Journal of Banking & Finance is currently edited by Ike Mathur More articles in Journal of Banking & Finance from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.