A carregar...
Publicação
The effect of cultural and legal distance on the likelihood of closing a cross-border M&A deal: a quantitative study about Asian and European M&A deals
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 381.96 KB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
A lot of researchers view cultural and legal distance as a critical factor in the postacquisition
period of cross-border merger and acquisitions (M&A). Yet, only little
empirical research has been done to determine the role of these distances during the dealclosing
period. Therefore, this thesis investigates the role of cultural and legal distance
on the likelihood of closing a deal in cross-border M&As. Data was drawn from the
Thomson Reuters Eikon database. The sample consists of 1 450 M&A deals of European
and Asian companies. Results confirm that legal distance has a significant impact on deal
completion, while cultural distance seems, against the initial expectations, not to have
any significant negative impact on the completion of a cross-border M&A deal.
Descrição
Palavras-chave
M&A Cross-border Cultural distance Legal and regulatory distance Likelihood of deal-closing