How do strategic and financial buyers influence performance in cross-border acquisitions ?
Résumé
In this paper, we investigate how the type of buyer can influence cross-border acquisition performance. We combine the resource-based view (RBV) with the institutional change framework to provide a more comprehensive understanding of post-acquisition performance. Using a dataset of 234 cross-border acquisitions, we find that both strategic and financial buyers have a positive effect on the performance of the target firm. Our findings suggest that strategic buyers positively affect the innovative performance whereas financial buyers positively affect the economic performance of target firms.
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