Cuypers, Ilya R P; Ertug, Gokhan; Hennart, Jean-François - In: Journal of International Business Studies 46 (2015) 4, pp. 429-442
We study the effects of linguistic distance and lingua franca proficiency on the equity stake taken by acquirers from 67 countries in 59,092 acquisition targets in 69 host countries. We theorize and find that acquirers take lower equity stakes in foreign targets when linguistic distance and...