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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Bibliographic Details
Main Authors: CUYPERS, Ilya, ERTUG, Gokhan, HENNART, Jean-Francois
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2015
Subjects:
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