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
Wafa Tariq Waqar, Yan Ma
{"title":"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","authors":"Wafa Tariq Waqar, Yan Ma","doi":"10.1177/23409444221129622","DOIUrl":null,"url":null,"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","PeriodicalId":46891,"journal":{"name":"Brq-Business Research Quarterly","volume":null,"pages":null},"PeriodicalIF":3.8000,"publicationDate":"2022-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Brq-Business Research Quarterly","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1177/23409444221129622","RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS","Score":null,"Total":0}
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
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
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
CiteScore
7.50
自引率
6.90%
发文量
14
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信