期刊論文
| 學年 | 110 |
|---|---|
| 學期 | 1 |
| 出版（發表）日期 | 2021-11-23 |
| 作品名稱 | Corruption transfer and acquisition performance |
| 作品名稱（其他語言） | |
| 著者 | Tsai, Yun-ching |
| 單位 | |
| 出版者 | |
| 著錄名稱、卷期、頁數 | Journal of Banking & Finance 135, 106369 |
| 摘要 | The relationship between corruption and acquisition performance is examined in this study, with a fo- cus on stakeholder support. The findings indicate that total acquisition-related gains are reduced when firms with lower corruption pressures acquire targets with higher corruption pressures. Moreover, a neg- ative relationship is highlighted between the corruption differential and the level of support provided by stakeholders. In addition, merger and acquisition deals with higher corruption differences receive lower average support from suppliers, customers, and employees. The evidence suggests that stakeholder com- mitment is a possible channel through which corruption affects corporate performance. Implementing anticorruption effort s and operating as a multinational corporation are two important factors that may reduce the impact of corruption on acquisition performance. |
| 關鍵字 | Corruption;Mergers and acquisitions;Corporate performance;Synergistic gains;Stakeholder support |
| 語言 | zh_TW |
| ISSN | 1872-6372 |
| 期刊性質 | 國外 |
| 收錄於 | SSCI NotTSSCI |
| 產學合作 | |
| 通訊作者 | Chih-Yen Lin |
| 審稿制度 | 否 |
| 國別 | USA |
| 公開徵稿 | |
| 出版型式 | ,電子版 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/125899 ) |