RUcore: Rutgers University Community Repository
The effects of added distance on ownership decision and market reaction in cross-border acquisitions
Descriptive
Name
(type = personal)
NamePart
(type = family)
Kim
NamePart
(type = given)
Hyun Gon
DisplayForm
Hyun Gon Kim
Role
RoleTerm
(authority = RULIB)
author
Name
(type = personal)
NamePart
(type = family)
Gaur
NamePart
(type = given)
Ajai S
DisplayForm
Ajai S Gaur
Affiliation
Advisory Committee
Role
RoleTerm
(authority = RULIB)
chair
Name
(type = personal)
NamePart
(type = family)
Christmann
NamePart
(type = given)
Petra
DisplayForm
Petra Christmann
Affiliation
Advisory Committee
Role
RoleTerm
(authority = RULIB)
internal member
Name
(type = personal)
NamePart
(type = family)
Mundra
NamePart
(type = given)
Kusum
DisplayForm
Kusum Mundra
Affiliation
Advisory Committee
Role
RoleTerm
(authority = RULIB)
internal member
Name
(type = personal)
NamePart
(type = family)
Mukherjee
NamePart
(type = given)
Debmalya
DisplayForm
Debmalya Mukherjee
Affiliation
Advisory Committee
Role
RoleTerm
(authority = RULIB)
outside member
Name
(type = corporate)
NamePart
Rutgers University
Role
RoleTerm
(authority = RULIB)
degree grantor
Name
(type = corporate)
NamePart
Graduate School - Newark
Role
RoleTerm
(authority = RULIB)
school
TypeOfResource
Text
Genre
(authority = marcgt)
theses
OriginInfo
DateCreated
(qualifier = exact)
2017
DateOther
(qualifier = exact);
(type = degree)
2017-05
CopyrightDate
(encoding = w3cdtf);
(qualifier = exact)
2017
Place
PlaceTerm
(type = code)
xx
Language
LanguageTerm
(authority = ISO639-2b);
(type = code)
eng
Abstract
(type = abstract)
In this dissertation, I argue that as multinational companies (MNCs) enter different countries, the extent of cultural that they face is likely to depend on their most recent entry. Based on this, I examine the pattern of adding cultural distance between newly entered target country and the closest previous one, and its effect on acquiring firms’ ownership decision and shareholder market reactions to each cross-border acquisition (CBA) announcement. Further, I examine the effect of time in adding cultural distance between successive acquisitions on ownership decision in CBAs and market reaction to CBA announcement. I test the arguments on a sample of 10,423 CBAs involving U.S. acquirers and targets in 138 countries during 1980 - 2014 time period. This study finds that added cultural distance and time in adding cultural distance significantly influence the ownership share decision and market reaction to CBA announcement. In addition, an acquirer’s prior ownership, CBA experience and geographic distance moderate the relationship between the added distance and the ownership decision in CBAs and market reaction to CBA announcement.
Subject
(authority = RUETD)
Topic
Management
RelatedItem
(type = host)
TitleInfo
Title
Rutgers University Electronic Theses and Dissertations
Identifier
(type = RULIB)
ETD
Identifier
ETD_8147
PhysicalDescription
Form
(authority = gmd)
electronic resource
InternetMediaType
application/pdf
InternetMediaType
text/xml
Extent
1 online resource (vii, 92 p. : ill.)
Note
(type = degree)
Ph.D.
Note
(type = bibliography)
Includes bibliographical references
TitleInfo
Title
The effects of added distance on ownership decision and market reaction in cross-border acquisitions
Subject
(authority = ETD-LCSH)
Topic
Consolidation and merger of corporations
Note
(type = statement of responsibility)
by Hyun Gon Kim
RelatedItem
(type = host)
TitleInfo
Title
Graduate School - Newark Electronic Theses and Dissertations
Identifier
(type = local)
rucore10002600001
Location
PhysicalLocation
(authority = marcorg);
(displayLabel = Rutgers, The State University of New Jersey)
NjNbRU
Identifier
(type = doi)
doi:10.7282/T3ZC85TF
Genre
(authority = ExL-Esploro)
ETD doctoral
Back to the top
Rights
RightsDeclaration
(ID = rulibRdec0006)
The author owns the copyright to this work.
RightsHolder
(type = personal)
Name
FamilyName
Kim
GivenName
Hyun Gon
Role
Copyright Holder
RightsEvent
Type
Permission or license
DateTime
(encoding = w3cdtf);
(qualifier = exact);
(point = start)
2017-04-28 12:54:44
AssociatedEntity
Name
Hyun Gon Kim
Role
Copyright holder
Affiliation
Rutgers University. Graduate School - Newark
AssociatedObject
Type
License
Name
Author Agreement License
Detail
I hereby grant to the Rutgers University Libraries and to my school the non-exclusive right to archive, reproduce and distribute my thesis or dissertation, in whole or in part, and/or my abstract, in whole or in part, in and from an electronic format, subject to the release date subsequently stipulated in this submittal form and approved by my school. I represent and stipulate that the thesis or dissertation and its abstract are my original work, that they do not infringe or violate any rights of others, and that I make these grants as the sole owner of the rights to my thesis or dissertation and its abstract. I represent that I have obtained written permissions, when necessary, from the owner(s) of each third party copyrighted matter to be included in my thesis or dissertation and will supply copies of such upon request by my school. I acknowledge that RU ETD and my school will not distribute my thesis or dissertation or its abstract if, in their reasonable judgment, they believe all such rights have not been secured. I acknowledge that I retain ownership rights to the copyright of my work. I also retain the right to use all or part of this thesis or dissertation in future works, such as articles or books.
Copyright
Status
Copyright protected
Availability
Status
Open
Reason
Permission or license
Back to the top
Technical
RULTechMD
(ID = TECHNICAL1)
ContentModel
ETD
OperatingSystem
(VERSION = 5.1)
windows xp
CreatingApplication
Version
1.5
DateCreated
(point = end);
(encoding = w3cdtf);
(qualifier = exact)
2017-04-28T11:53:22
DateCreated
(point = end);
(encoding = w3cdtf);
(qualifier = exact)
2017-04-28T11:53:22
ApplicationName
Microsoft® Office Word 2007
Back to the top
Statistical Profile