Liou, RS and Rao-Nicholson, R (2017) Out of Africa: The role of institutional distance and host-home colonial tie in South African Firms’ post-acquisition performance in developed economies. International Business Review, 26 (6). pp. 1184-1195. DOI https://doi.org/10.1016/j.ibusrev.2017.04.010
Liou, RS and Rao-Nicholson, R (2017) Out of Africa: The role of institutional distance and host-home colonial tie in South African Firms’ post-acquisition performance in developed economies. International Business Review, 26 (6). pp. 1184-1195. DOI https://doi.org/10.1016/j.ibusrev.2017.04.010
Liou, RS and Rao-Nicholson, R (2017) Out of Africa: The role of institutional distance and host-home colonial tie in South African Firms’ post-acquisition performance in developed economies. International Business Review, 26 (6). pp. 1184-1195. DOI https://doi.org/10.1016/j.ibusrev.2017.04.010
Abstract
The colonial ties and institutional distance affect the cross-border acquisition performance of internationalizing South African firms who acquire targets in developed economies. Along with these main effects, this paper examines the moderating effect of the colonial tie on the effects of institutional distance on post-acquisition long-term operating performance. Using data on South African acquisitions in developed economies, this study finds that the colonial tie has a negative impact on the long-term operating performance of South African acquirers. Yet, the colonial tie also moderates the effects of institutional distance. This work contributes to the discussion on host-home country institutional distance and its impact on post-acquisition long-term operating performance and how colonial past can influence the performance of acquirers from South Africa and other such countries with colonial history.
Item Type: | Article |
---|---|
Uncontrolled Keywords: | Emerging-market multinational firms; South Africa; Institutional distance; Colonial tie; Cross-border post-acquisition long-term operating performance |
Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Essex Business School |
SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
Depositing User: | Unnamed user with email elements@essex.ac.uk |
Date Deposited: | 28 Nov 2019 11:02 |
Last Modified: | 16 May 2024 19:55 |
URI: | http://repository.essex.ac.uk/id/eprint/26058 |
Available files
Filename: 81F3FA2F7BEF.pdf
Licence: Creative Commons: Attribution-Noncommercial-No Derivative Works 3.0