Determinants of the share of equity sought in cross-border acquisitions

By Murali D. R. Chari, Kiyoung Chang. 2009

256 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/796439894379f289e0c6b587b032521babeec137

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Citations in the corpus

The effects of linguistic distance and lingua franca proficiency on the stake taken by acquirers in cross-border acquisitions (2015, background): “The average equity stake foreign acquirers take in targets is 87 percent (vs. 89% in Chari and Chang, 2009).”
Emerging economies and institutional quality: Assessing the differential effects of institutional distances on ownership strategy (2016, methodology): “To examine the relationships affecting the degree of ownership, we conduct a Tobit regression analysis, because this dependent variable is bounded between 0 and 1 (Chari & Chang, 2009).”
The Pre-Deal Phase of Mergers and Acquisitions: A Review and Research Agenda (2020, background): “Chari and Chang (2009) find that the share of equity sought is influenced by the cost of the valuing foreign firm’s assets, the difficulty in integrating foreign firm managers, the cost of separating desired assets from the rest of the foreign firm, and the cost of resource commitment under…”
Spatial geography and control in foreign acquisitions (2012, unknown): “For unrelated acquisitions, an acquirer instead may find it more difficult to assess the true worth of the knowledge and resources possessed by the target firm, because the acquirer has no experience of operating in that industry (Chari & Chang, 2009).”
Curvilinear relationship between cultural distance and equity participation: An empirical analysis of cross-border acquisitions (2011, background): “For example, some scholars have reported that high cultural distance is related to a lower level of control (Anderson and Gatignon, 1986; Chari and Chang, 2009; Kim and Hwang, 1992; Wilkinson et al., 2008), while others have reported that high cultural distance is associated with a greater level of ”