Title: Culture distance and cross-border acquisition performance: the moderating effect of transformational leadership
Authors: Athina Vasilaki
Addresses: IESEG School of Management, 3 rue de la Digue, 59000 Lille, France
Abstract: Culture distance has been a major dynamic in cross-border acquisition research. Results so far have been mixed and this study, in an attempt to overcome this, introduces transformational leadership as a moderator into this relationship. To reach this objective, we study 109 UK-based companies engaged in cross-border acquisitions using multiple moderated regression. The results point out that transformational leadership has a positive moderating effect in this relationship.
Keywords: cross-border acquisitions; acquisition performance; transformational leadership; national culture; mergers and acquisitions; UK firms; United Kingdom; cultural differences; cultural distance.
European Journal of International Management, 2011 Vol.5 No.4, pp.394 - 412
Available online: 26 Jun 2011 *Full-text access for editors Access for subscribers Purchase this article Comment on this article