International Deal Experience and Cross�?Border Acquisitions

@article{Stroup2017InternationalDE,
  title={International Deal Experience and Cross�?Border Acquisitions},
  author={Caleb N. Stroup},
  journal={Wiley-Blackwell: Economic Inquiry},
  year={2017}
}
  • Caleb N. Stroup
  • Published 2017
  • Economics
  • Wiley-Blackwell: Economic Inquiry
  • I show that corporate directors' human capital facilitates international investments. Directors' experience with cross‐border transactions positively influences firms' decisions to conduct their first cross‐border acquisitions. Cross‐border acquirers are more likely to buy firms headquartered in countries with which the directors have prior deal experience. This effect is strongest for target firms headquartered in culturally and institutionally dissimilar countries. Announced cross‐border… CONTINUE READING

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