Linguistic Distance and Bridge Language Effects on Equity Ownership in Cross-Border Acquisitions

• Main Authors: Ilya CUYPERS, Hennart, Jean-Francois
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2014
• Subjects: acquisitions; language; ownership stake; Organizational Behavior and Theory
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/4882
• Institution: Singapore Management University

We study the effects of language distance and bridge language proficiency on the level of equity taken by acquirers from 67 countries in 59,092 acquisition targets in 69 host countries. We theorize and find that both language distance and bridge language proficiency affect the level of equity an acq...