Corporate social responsibility and cross-border M&A: The moderating effect of institutional distance

Drawing upon a dataset of cross-border mergers and acquisitions (M&A) events of Chinese enterprises from 2010 to 2017, this study investigates the impact of corporate social responsibility (CSR) on the completion of cross-border M&A with a focus on the moderating role of institutional distan...

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Detalles Bibliográficos
Autores principales: Li, Haiting, Li, Shuzhen, Zhan, Xiangcen, Zhang, Feng, Sun, Mingwei
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2022
Materias:
Research Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8794142/
https://www.ncbi.nlm.nih.gov/pubmed/35085288
http://dx.doi.org/10.1371/journal.pone.0262343
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author Li, Haiting
Li, Shuzhen
Zhan, Xiangcen
Zhang, Feng
Sun, Mingwei
author_facet Li, Haiting
Li, Shuzhen
Zhan, Xiangcen
Zhang, Feng
Sun, Mingwei
author_sort Li, Haiting
collection PubMed
description Drawing upon a dataset of cross-border mergers and acquisitions (M&A) events of Chinese enterprises from 2010 to 2017, this study investigates the impact of corporate social responsibility (CSR) on the completion of cross-border M&A with a focus on the moderating role of institutional distance. The results highlight the significance of CSR on the completion of cross-border M&A. The robustness tests including changing estimation model, new measurements, propensity score matching, and instrumental variable tests show that the main results are consistent. Second, both formal and informal institutional distance have positive moderating effects of CSR on the completion of cross-border M&A.
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spelling pubmed-87941422022-01-28 Corporate social responsibility and cross-border M&A: The moderating effect of institutional distance Li, Haiting Li, Shuzhen Zhan, Xiangcen Zhang, Feng Sun, Mingwei PLoS One Research Article Drawing upon a dataset of cross-border mergers and acquisitions (M&A) events of Chinese enterprises from 2010 to 2017, this study investigates the impact of corporate social responsibility (CSR) on the completion of cross-border M&A with a focus on the moderating role of institutional distance. The results highlight the significance of CSR on the completion of cross-border M&A. The robustness tests including changing estimation model, new measurements, propensity score matching, and instrumental variable tests show that the main results are consistent. Second, both formal and informal institutional distance have positive moderating effects of CSR on the completion of cross-border M&A. Public Library of Science 2022-01-27 /pmc/articles/PMC8794142/ /pubmed/35085288 http://dx.doi.org/10.1371/journal.pone.0262343 Text en © 2022 Li et al https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
spellingShingle Research Article
Li, Haiting
Li, Shuzhen
Zhan, Xiangcen
Zhang, Feng
Sun, Mingwei
Corporate social responsibility and cross-border M&A: The moderating effect of institutional distance
title Corporate social responsibility and cross-border M&A: The moderating effect of institutional distance
title_full Corporate social responsibility and cross-border M&A: The moderating effect of institutional distance
title_fullStr Corporate social responsibility and cross-border M&A: The moderating effect of institutional distance
title_full_unstemmed Corporate social responsibility and cross-border M&A: The moderating effect of institutional distance
title_short Corporate social responsibility and cross-border M&A: The moderating effect of institutional distance
title_sort corporate social responsibility and cross-border m&a: the moderating effect of institutional distance
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8794142/
https://www.ncbi.nlm.nih.gov/pubmed/35085288
http://dx.doi.org/10.1371/journal.pone.0262343
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