Malhotra, Shavin; Sivakumar, K.; Zhu, PengCheng - In: Journal of International Management 17 (2011) 4, pp. 316-332
We examine the relationship between national cultural distance and equity participation using an analysis of a sample of more than 100,000 cross-border acquisitions from 1976 to 2008. We find that cultural distance has a curvilinear (U shaped) relationship with equity participation: Acquiring...