@misc{10481/76541,
year = {2022},
month = {8},
url = {http://hdl.handle.net/10481/76541},
abstract = {This paper explores whether social ties, proxied by Facebook friendship links, can explain why the number and value of mergers and acquisitions (M&As) are greater within countries than between countries. We find that social ties are positively correlated with the number and value of M&As. We also demonstrate that the home bias in M&As is greatly reduced once we control for the differences in social ties between and within countries. We further find that social ties particularly facilitate M&As when the level of corruption is high, press freedom is limited in the target country, and there are more cultural differences between the acquirer and target countries.},
keywords = {Fusiones y adquisiciones},
keywords = {Modelo de gravedad},
keywords = {Relaciones sociales},
keywords = {Facebook},
keywords = {Efecto frontera},
keywords = {M&As},
keywords = {Gravity model},
keywords = {Border effect},
title = {Social ties and home bias in mergers and acquisitions},
doi = {https://doi.org/10.1007/s10290-022-00475-0},
author = {Carril Caccia, Federico and Garmendia Lazcano, Aitor and Minondo, Asier},
}