Do multinational enterprises with better social performance have a higher likelihood of cross-border acquisition completion? Analyzing the role of reputation for social performance in cross-border acquisitions

IF 3.8 4区 管理学 Q2 BUSINESS Brq-Business Research Quarterly Pub Date : 2022-10-12 DOI:10.1177/23409444221129622
Wafa Tariq Waqar, Yan Ma
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引用次数: 2

Abstract

The social performance (SP) of a firm is associated with many positive organizational outcomes. Nonetheless, little is known about the effect of the SP of a multinational enterprise (MNE) on the likelihood of cross-border acquisition completion (CBAC). Investigating the link between MNEs’ SP and the likelihood of CBAC is important because it will increase our understanding of how stakeholders reward MNEs with better reputations. Drawing on the signaling and reputation for SP literature, we explore how acquisition complexity, reputational risk, and firm visibility influence CBAC. Based on a sample of 578 cross-border deals undertaken by acquirers in the noncyclical consumer industry (NCCI), our results support a positive relationship between MNEs’ SP and the likelihood of CBAC and strengthening moderating effects of acquirer size and public targets. JEL CLASSIFICATIONS: G34, M16
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社会绩效越好的跨国企业完成跨国收购的可能性越大吗?社会绩效声誉在跨国收购中的作用分析
企业的社会绩效与许多积极的组织结果相关。然而,关于跨国企业(MNE)的SP对跨境收购完成可能性(CBAC)的影响知之甚少。调查跨国公司的SP与CBAC可能性之间的联系很重要,因为它将增加我们对利益相关者如何以更好的声誉奖励跨国公司的理解。借鉴SP的信号和声誉文献,我们探讨了收购复杂性、声誉风险和公司知名度如何影响CBAC。基于非周期性消费行业(NCCI)收购方进行的578宗跨境交易的样本,我们的研究结果支持跨国公司的SP与CBAC可能性之间存在正相关关系,并强化了收购方规模和上市目标的调节效应。凝胶分类:g34, m16
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来源期刊
CiteScore
7.50
自引率
6.90%
发文量
14
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