Ownership Strategy and Subsidiary Survival in Foreign Acquisitions: The Moderating Effects of Experience, Cultural Distance, and Host Country Development

Yi Wang, Jorma Larimo

Publikation: Kapitel i bog/rapport/konference-proceedingKapitel i bogForskningpeer review

Abstract

In this study, we analyze the general effect of acquirers’ ownership strategy on the survival in foreign acquisitions. Furthermore, we attempt to address five potential moderating effects: international, regional, target country experience, cultural distance, as well as host country development. The developed hypotheses are tested on a sample of 1,345 acquisitions made by 174 Finnish firms in 59 countries during 1980–2005. The results indicate that in general WOS increases the probability of survival of foreign acquired units. We further find that the impact of WOS on the survival of foreign acquired units is contingent upon cultural distance and host country development but not on the experience of buying firms.
OriginalsprogEngelsk
TitelDistance in International Business : Concept, Cost and Value
RedaktørerAlain Verbeke, Jonas Puck, Rob vab Tulder
Vol/bind12
ForlagEmerald Group Publishing
Publikationsdato2017
Sider157-182
Kapitel7
ISBN (Trykt)978-1-78743-719-7
ISBN (Elektronisk)978-1-78743-718-0
DOI
StatusUdgivet - 2017
NavnProgress in International Business Research
Vol/bind12
ISSN1745-8862

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