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Managerial Talk of Trust and Takeover Performance

Ghufran, Bushra - 2021

of SEC filings (10-K Form) and the prognostic power of such language for takeover performance. The sample under study … long-term takeover performance, suggesting that managerial virtuous talk is, in practicality, an indication of lower post …-acquisition gains for the acquirers in the long run. Furthermore, takeover returns are found to reflect textual information on trust …

Persistent link: https://www.econbiz.de/10013243561

Long-Term Value Creation in Cross-Border Mergers and Acquisitions : The Role of Trust

Cha, Yunju; Chung, Byung Hun; Kang, Jun-Koo - 2023

We examine whether trust between the citizens in an acquirer’s country and those in a target’s country improves long-term synergistic gains in cross-border M&As. We find that acquirers’ announcement returns increase as trust increases. The result is robust to using a historical war as an...

Persistent link: https://www.econbiz.de/10014351338

Social Trust Distance in Mergers and Acquisitions

Lin, Tse-Chun - 2019

This paper studies the role of regional cultural differences in M\&A transactions in the U.S. We construct a county-level measure of cultural trust based on the World Values Survey data and find that a larger social trust distance between two companies reduces the likelihood of them combining...

Persistent link: https://www.econbiz.de/10012901142

Do Differences in Societal Trust Let the Cross-Border Mergers Die?

Ahmad, Muhammad Farooq - 2019

The paper further contributes to our understanding about the role of societal trust in influencing mergers outcome. Using a large sample of cross-border mergers across 56 countries between 1985 and 2014, we show that, conditional on announcement of cross-border mergers, larger differences of...

Persistent link: https://www.econbiz.de/10012893719

Social trust distance in mergers and acquisitions

Lin, Tse-Chun; Pursiainen, Vesa - In: Journal of banking & finance 149 (2023), pp. 1-14

Persistent link: https://www.econbiz.de/10014462522

Financial impact of trust and institutional quality around the world

Kapounek, Svatopluk; Kočenda, Evžen; Kouba, Luděk - 2022

We investigate the financial impact of social trust, institutional quality, and regulations. As a testing ground we employ a unique, large, and hand-crafted dataset of more than 850 000 lending-based crowdfunding projects from 155 platforms across 55 countries during 2005-2018. We show that the...

Persistent link: https://www.econbiz.de/10013460133

Societal Trust and Corporate Underinvestment

Knetsch, Andreas; Salzmann, Astrid Juliane - 2023

We extend prior literature by showing that societal trust is a significant determinant of corporate investment policy. Firms in countries with a higher level of societal trust are less prone to underinvestment. We posit that the association between trust and underinvestment relates to a...

Persistent link: https://www.econbiz.de/10014362162

Confidence and the Erosion of Confidence: Economic Functions and Effects

Sell, Friedrich L. - 2004

sogenannten Sozialkapital zu leisten vermag und porträtieren die Erosion von Vertrauen innerhalb, zwischen und gegenüber US …

Persistent link: https://www.econbiz.de/10010296874

Social Trust and Auditor Reporting Conservatism

Chen, Deqiu - 2018

We examine the implications of social trust for auditor reporting conservatism. Using a sample of listed companies in China, we find that clients located in high trust regions are less likely to receive a non-clean audit opinion. This negative impact of social trust on auditor reporting...

Persistent link: https://www.econbiz.de/10012937339

Social Capital, Trust, and Firm Performance : The Value of Corporate Social Responsibility during the Financial Crisis

Lins, Karl V. - 2016

During the 2008-2009 financial crisis, firms with high social capital, measured as corporate social responsibility (CSR) intensity, had stock returns that were four to seven percentage points higher than firms with low social capital. High-CSR firms also experienced higher profitability, growth,...

Persistent link: https://www.econbiz.de/10013005370

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