Value creation in cross-border acquisitions: The role of outside directors' human and social capital

Dynah A. Basuil and Deepak K. Datta

Journal of Business Research, 2017, vol. 80, issue C, 35-44

Abstract: Do outside directors influence the performance of cross-border acquisitions? We use resource dependence arguments and a sample of 431 relatively large cross-border acquisitions undertaken by U.S. firms to explore how the human and social capital of outside directors on the acquiring firm's board influence shareholder value creation. Findings indicate that human and social capital linked to board tenure, external board appointments, and region-specific cross-border acquisition experience, but not target firm industry experience, have an impact on acquiring firms' shareholder value. Our study's theoretical and empirical contributions, along with managerial implications, are discussed.

Keywords: Cross-border acquisition; Value creation; Outside directors; Human capital; Social capital (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0148296317302230
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:jbrese:v:80:y:2017:i:c:p:35-44

DOI: 10.1016/j.jbusres.2017.07.002

Access Statistics for this article

Journal of Business Research is currently edited by A. G. Woodside

More articles in Journal of Business Research from Elsevier
Bibliographic data for series maintained by Catherine Liu ().