Corruption transfer and acquisition performance
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 )