Please use this identifier to cite or link to this item:
https://hdl.handle.net/10356/43934
Title: | Does cultural differences affect merger performance? A study of mergers of equal in United States | Authors: | Choong, Anne-Marie Wei Lin Oetama, Ryan Wong, Siew Wern |
Keywords: | DRNTU::Business::Finance::Mergers and acquisitions | Issue Date: | 2011 | Abstract: | This paper studies the effect of cultural differences between target and acquirer on merger performance among mergers of equal in US. Given that past literature has two schools of thought on whether greater cultural differences lead to poorer firm performance, we attempt to reconcile these conflicting perspectives using differences in degree of religiosity as a proxy for cultural differences. In our sample of 85 mergers of equal, we find no conclusive relation between cultural differences and merger performance. We recommend future research to control for selection effects and sample size issues in order to re-examine the relation between cultural differences and merger performance. | URI: | http://hdl.handle.net/10356/43934 | Schools: | Nanyang Business School | Rights: | Nanyang Technological University | Fulltext Permission: | restricted | Fulltext Availability: | With Fulltext |
Appears in Collections: | NBS Student Reports (FYP/IA/PA/PI) |
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