Social ties and home bias in mergers and acquisitions
| dc.contributor.author | Carril Caccia, Federico | |
| dc.contributor.author | Garmendia-Lazcano, Aitor | |
| dc.contributor.author | Minondo, Asier | |
| dc.date.accessioned | 2024-11-14T14:53:05Z | |
| dc.date.available | 2024-11-14T14:53:05Z | |
| dc.date.issued | 2023-08 | |
| dc.date.updated | 2024-11-14T14:53:05Z | |
| dc.description.abstract | This paper explores whether social ties, proxied by Facebook friendship links, can explain why the number and value of mergers and acquisitions (M&As) are greater within countries than between countries. We find that social ties are positively correlated with the number and value of M&As. We also demonstrate that the home bias in M&As is greatly reduced once we control for the differences in social ties between and within countries. We further find that social ties particularly facilitate M&As when the level of corruption is high, press freedom is limited in the target country, and there are more cultural differences between the acquirer and target countries. | en |
| dc.identifier.citation | Carril-Caccia, F., Garmendia-Lazcano, A., & Minondo, A. (2023). Social ties and home bias in mergers and acquisitions. Review of World Economics, 159(3), 563-593. https://doi.org/10.1007/S10290-022-00475-0 | |
| dc.identifier.doi | 10.1007/S10290-022-00475-0 | |
| dc.identifier.eissn | 1610-2886 | |
| dc.identifier.issn | 1610-2878 | |
| dc.identifier.uri | http://hdl.handle.net/20.500.14454/1875 | |
| dc.language.iso | eng | |
| dc.publisher | Springer Science and Business Media Deutschland GmbH | |
| dc.rights | © The Author(s) 2022 | |
| dc.subject.other | Border effect | |
| dc.subject.other | European Union (EU) | |
| dc.subject.other | ||
| dc.subject.other | Foreign Direct Investment (FDI) | |
| dc.subject.other | Mergers and Acquisitions (M&As) | |
| dc.subject.other | Social ties | |
| dc.title | Social ties and home bias in mergers and acquisitions | en |
| dc.type | journal article | |
| dcterms.accessRights | open access | |
| oaire.citation.endPage | 593 | |
| oaire.citation.issue | 3 | |
| oaire.citation.startPage | 563 | |
| oaire.citation.title | Review of World Economics | |
| oaire.citation.volume | 159 | |
| oaire.licenseCondition | https://creativecommons.org/licenses/by/4.0/ | |
| oaire.version | VoR |
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