Geographic Distance as a Moderator of Curvilinear Relationship Between Cultural Distance and Shared Ownership

被引：23

作者：

Malhotra, Shavin ^{[1
]}

机构：

[1] Ryerson Univ, Ted Rogers Sch Management, Global Management Studies Dept, Toronto, ON M5G 2C5, Canada

来源：

CANADIAN JOURNAL OF ADMINISTRATIVE SCIENCES-REVUE CANADIENNE DES SCIENCES DE L ADMINISTRATION | 2012年 / 29卷 / 03期

关键词：

cultural distance; geographic distance; shared ownership; foreign direct investment; mergers and acquisitions; distance culturelle; distance geographique; copropriete; investissements directs etrangers; fusions et acquisitions;

D O I：

10.1002/CJAS.234

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study tests geographic distance as a moderator of the curvilinear relationship between cultural distance and a firm's preference for shared ownership entry mode. The sample consisted of US foreign direct investments in 60 countries spread over 18?years. Results showed that an inverted U-shaped relationship between cultural distance and preference for shared ownership is stronger for firms separated by high geographic distance. While full equity ownership is most likely when both cultural and geographic distances are either low or high, shared ownership is most likely when the cultural distance is high (low) but the geographic distance is low (high). Copyright (c) 2012 ASAC. Published by John Wiley & Sons, Ltd.

引用

页码：218 / 230

页数：13