International Deal Experience and Cross-Border Acquisitions

  title={International Deal Experience and Cross-Border Acquisitions},
  author={C. Stroup},
  journal={Emerging Markets Economics: Firm Behavior & Microeconomic Issues eJournal},
  • C. Stroup
  • Published 2015
  • Economics
  • Emerging Markets Economics: Firm Behavior & Microeconomic Issues eJournal
  • By tracing nearly thirty thousand directors as they move across firms during a twenty-eight year period, I show that that a firm's decision to undertake its first cross-border acquisition is positively influenced by experience with these transactions gained by its current board members during their prior service on other companies' boards. Board experience most affects acquisitions of targets headquartered in culturally or institutionally dissimilar countries, with these deals being more likely… CONTINUE READING
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