Corruption transfer and acquisition performance

淡江大學機構典藏 > 商管學院 > 管理科學學系暨研究所 > 期刊論文 > Item 987654321/125899

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題名:	Corruption transfer and acquisition performance
作者:	Tsai, Yun-ching
關鍵詞:	Corruption;Mergers and acquisitions;Corporate performance;Synergistic gains;Stakeholder support
日期:	2021-11-23
上傳時間:	2024-08-08 12:05:25 (UTC+8)
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.
關聯:	Journal of Banking & Finance 135,　106369
DOI:	10.1016/j.jbankfin.2021.106369
顯示於類別:	[管理科學學系暨研究所] 期刊論文

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