The Effects of linguistic distance and lingua franca proficiency on the stake taken by acquirers in cross-border acquisitions
We study the effects of linguistic distance and lingua franca proficiency on the equity stake taken by acquirers from 67 countries in 59,092 acquisition targets in 69 host countries. We theorize and find that acquirers take lower equity stakes in foreign targets when linguistic distance and differen...
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Main Authors: | , , |
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Format: | text |
Language: | English |
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Institutional Knowledge at Singapore Management University
2015
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Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/4349 https://ink.library.smu.edu.sg/context/lkcsb_research/article/5348/viewcontent/CulyersErtug_2014_11_24_EffectsLinguisticsDistLF_afv.pdf |
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Institution: | Singapore Management University |
Language: | English |