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Social ties and home bias in mergers and acquisitions
dc.contributor.author | Carril Caccia, Federico | |
dc.contributor.author | Garmendia Lazcano, Aitor | |
dc.contributor.author | Minondo, Asier | |
dc.date.accessioned | 2022-09-06T08:30:28Z | |
dc.date.available | 2022-09-06T08:30:28Z | |
dc.date.issued | 2022-08-02 | |
dc.identifier.citation | Carril-Caccia, F., Garmendia-Lazcano, A. & Minondo, A. Social ties and home bias in mergers and acquisitions. Rev World Econ (2022). https://doi.org/10.1007/s10290-022-00475-0 | es_ES |
dc.identifier.uri | http://hdl.handle.net/10481/76541 | |
dc.description.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. | es_ES |
dc.language.iso | eng | es_ES |
dc.rights | Attribution-NoDerivatives 4.0 Internacional | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nd/4.0/ | * |
dc.subject | Fusiones y adquisiciones | es_ES |
dc.subject | Modelo de gravedad | es_ES |
dc.subject | Relaciones sociales | es_ES |
dc.subject | es_ES | |
dc.subject | Efecto frontera | es_ES |
dc.subject | M&As | es_ES |
dc.subject | Gravity model | es_ES |
dc.subject | Border effect | es_ES |
dc.title | Social ties and home bias in mergers and acquisitions | es_ES |
dc.type | journal article | es_ES |
dc.rights.accessRights | open access | es_ES |
dc.identifier.doi | https://doi.org/10.1007/s10290-022-00475-0 |