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How Hiring Financial Advisors in Cross-Border Acquisitions in The BRICS is Driven by The Target Country Institutional Image and Home-Target Distance

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dc.contributor.authorGouveia, Luciana Orozco de
dc.contributor.authorFerreira, Manuel Portugal
dc.contributor.authorRamos, Heidy Rodriguez
dc.date.accessioned2021-07-15T15:42:15Z
dc.date.available2021-07-15T15:42:15Z
dc.date.issued2020
dc.description.abstractWe examine how the target country’s institutional image and home-host institutional and geographic distance influence the acquirer firms’ hiring financial advisors in cross-border acquisitions (CBAs) in the BRICS. Specifically, we scrutinize whether the acquirer hires financial advisor in the acquirer firm’s country, the target country or a global advisor. We argue that the acquirer is more likely to hire a financial advisor the poorer the institutional image of the target country and the greater the home-host institutional and geographic distance. Using longitudinal data on 642 cross-border acquisitions during 2013-2017 in the BRICS – Brazil, Russia, China, India and South Africa, we empirically test the hypotheses. The findings have important implications for scholars, policymakers and managers. Our results confirm that: acquirer firms are more likely to hire a financial advisor in the acquirer’s country to advise a cross-border acquisition the greater the institutional distance between the countries. And, that acquirer firms are more likely to hire a global financial advisor to advise a cross-border acquisition the greater the geographic distance between the countries.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationGouveia, L. O., Ferreira, M. P. & Ramos, H. R. (2020). How Hiring Financial Advisors in Cross-Border Acquisitions in The BRICS is Driven by The Target Country Institutional Image and Home-Target Distance. BASE – Revista de Administração e Contabilidade da Unisinos,17(2), 1-34. https://doi.org/10.4013/base.2020.172.02pt_PT
dc.identifier.doihttps://doi.org/10.4013/base.2020.172.02pt_PT
dc.identifier.issn1984-8196
dc.identifier.urihttp://hdl.handle.net/10400.8/5886
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.relation.publisherversionhttp://revistas.unisinos.br/index.php/base/article/view/base.2020.172.02pt_PT
dc.subjectMergers and acquisitionspt_PT
dc.subjectFinancial advisorspt_PT
dc.subjectInstitutional distancept_PT
dc.subjectEmerging-market multinational companypt_PT
dc.subjectInstitutional imagept_PT
dc.titleHow Hiring Financial Advisors in Cross-Border Acquisitions in The BRICS is Driven by The Target Country Institutional Image and Home-Target Distancept_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage34pt_PT
oaire.citation.issue2pt_PT
oaire.citation.startPage1pt_PT
oaire.citation.titleBase - Revista de Administração e Contabilidade da Unisinospt_PT
oaire.citation.volume17pt_PT
person.familyNameFerreira
person.givenNameManuel
person.identifier.ciencia-id2B1A-16D4-80DA
person.identifier.orcid0000-0002-4642-4605
person.identifier.ridA-2322-2012
person.identifier.scopus-author-id7402787382
rcaap.rightsopenAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublication69895f61-97d7-47e5-93e3-ede7fb54631c
relation.isAuthorOfPublication.latestForDiscovery69895f61-97d7-47e5-93e3-ede7fb54631c

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