Cultural tightness-looseness and inter-regional mergers and acquisitions: Evidence from China

被引：0

作者：

Liu, Hui ^{[1
]}

Ling, Leng ^{[2
]}

Wang, Ying ^{[1
,3
]}

机构：

[1] Shandong Univ Finance & Econ, Sch Finance, Jinan, Peoples R China

[2] Georgia Coll & State Univ, J Whitney Bunting Coll Business & Technol, Milledgeville, GA USA

[3] Shandong Univ Finance & Econ, Sch Finance, 40 Shungeng Rd, Jinan 250014, Shandong, Peoples R China

来源：

ACCOUNTING AND FINANCE | 2024年

关键词：

culture; mergers and acquisitions; tightness; NATIONAL CULTURE; RISK-TAKING; DISTANCE; BORDER; DIVERSITY; MATTER; VALUES; CLASH; WORK;

D O I：

10.1111/acfi.13228

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We investigated the role of culture in inter-regional mergers and acquisitions (M&As) within national borders, using a dataset that includes M&As conducted by Chinese listed firms from 2005 to 2019. Our research provides compelling evidence that the likelihood of an acquirer initiating a merger proposal - and the subsequent probability of reaching an agreement - decreases as the cultural tightness gap between the acquiring and target firms widens. Furthermore, we found that this negative impact of cultural tightness distance is more pronounced in non-state-owned firms and firms led by younger CEOs.

引用

页数：28

共 50 条

[1] Validation of the Chinese Cultural Tightness-Looseness Scale and General Tightness-Looseness Scale
Leng, Jie
Ma, Hang
Lv, Xiaojun
Hu, Ping
[J]. FRONTIERS IN PSYCHOLOGY, 2023, 14
[2] On the nature and importance of cultural tightness-looseness
Gelfand, Michele J.
Nishii, Lisa H.
Raver, Jana L.
[J]. JOURNAL OF APPLIED PSYCHOLOGY, 2006, 91 (06) : 1225 - 1244
[3] On the evolution of tightness-looseness in cultural ecosystems
Jackson, Joshua Conrad
Gelfand, Michele J.
[J]. RELIGION BRAIN & BEHAVIOR, 2017, 7 (02) : 155 - 158
[4] Quantifying cultural tightness-looseness in Ecuador
Jolly, Phillip M.
Van Hoof, Hubert
Chen, Feier
Kim, Bora
Estrella Duran, Mateo
Cueva Navas, Ana
Gavilanes Valle, Julio
Maldonado Perez, Gabriela
[J]. PLOS ONE, 2021, 16 (01):
[5] Cultural tightness-looseness and emotional expression on Facebook
Qiu, Lin
[J]. INTERNATIONAL JOURNAL OF PSYCHOLOGY, 2023, 58 : 310 - 310
[6] Cultural Tightness-Looseness and Perceptions of Effective Leadership
Aktas, Mert
Gelfand, Michele J.
Hanges, Paul J.
[J]. JOURNAL OF CROSS-CULTURAL PSYCHOLOGY, 2016, 47 (02) : 294 - 309
[7] Cultural tightness-looseness: Its nature and missiological applications
Dunaetz, David R.
[J]. MISSIOLOGY-AN INTERNATIONAL REVIEW, 2019, 47 (04) : 410 - 421
[8] The effect of cultural tightness-looseness on fraud perception in insurance services
Zourrig, Haithem
Park, Jeongsoo
El Hedhli, Kamel
Zhang, Mengxia
[J]. INTERNATIONAL JOURNAL OF QUALITY AND SERVICE SCIENCES, 2018, 10 (02) : 138 - 148
[9] Across-Time Change and Variation in Cultural Tightness-Looseness
Mandel, Anne
Realo, Anu
[J]. PLOS ONE, 2015, 10 (12):
[10] Development of the Cultural Tightness-Looseness Orientation Scale for College Students
Sun, Shuwei
Zhang, Haiyan
[J]. PSYCHOLOGY RESEARCH AND BEHAVIOR MANAGEMENT, 2023, 16 : 665 - 681

← 1 2 3 4 5 →