The Cost of Pride: Why do Firms from Developing Countries Bid Higher?
作者： Ole-Kristian Hope , Wayne B. Thomas , Dushyantkumar Vyas
DOI: 10.2139/SSRN.1081298
关键词: Developed country 、 Control variable 、 Pride 、 Database transaction 、 Emerging markets 、 Finance 、 Economics 、 Developing country 、 Hubris
摘要: … countries, bid higher on average to acquire assets in developed countries. We are interested in why these higher bids occur. We find that bids of firms from developing countries are …
springer.com
sci-hub.se 参考文章(97)
Mara Faccio, The Characteristics of Politically Connected Firms ,(2007)
Henri Tajfel, John C. Turner, An integrative theory of intergroup conflict The social psychology of intergroup relations. pp. 33- 47 ,(2001)
René M. Stulz, Rohan G. Williamson, Culture, Openness, and Finance Social Science Research Network. ,(2001) , 10.2139/SSRN.263507
Yakov Amihud, Baruch Lev, Risk reduction as a managerial motive for conglomerate mergers The Bell Journal of Economics. ,vol. 12, pp. 605- 617 ,(1981) , 10.2307/3003575
Sanford J. Grossman, Oliver D. Hart, Take-Over Bids, the Free Rider Problem and the Theory of the Corporation The Bell Journal of Economics and Management Science. ,vol. 11, pp. 42- 64 ,(1980) , 10.2307/3003400
Kevin J. Murphy, Corporate performance and managerial remuneration: An empirical analysis Journal of Accounting and Economics. ,vol. 7, pp. 11- 42 ,(1985) , 10.1016/0165-4101(85)90026-6
Henri Tajfel, Differentiation between social groups: Studies in the social psychology of intergroup relations. Published in cooperation with European Association of Experimental Social Psychology by Academic Press. ,(1978)
Michael Lewis, Shame: The Exposed Self ,(1992)
Stephen B. Salter, Frederick Niswander, Cultural Influence on the Development of Accounting Systems Internationally: A Test of Gray's [1988] Theory Journal of International Business Studies. ,vol. 26, pp. 379- 397 ,(1995) , 10.1057/PALGRAVE.JIBS.8490179
Maria J. Louro, Rik Pieters, Marcel Zeelenberg, Negative Returns on Positive Emotions: The Influence of Pride and Self-Regulatory Goals on Repurchase Decisions Journal of Consumer Research. ,vol. 31, pp. 833- 840 ,(2005) , 10.1086/426619