The Experts below are selected from a list of 305925 Experts worldwide ranked by ideXlab platform
Eero Vaara - One of the best experts on this subject based on the ideXlab platform.
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the impact of organizational and national Cultural Differences on social conflict and knowledge transfer in international acquisitions
Journal of Management Studies, 2012Co-Authors: Eero Vaara, Günter K Stahl, Riikka M Sarala, Ingmar BjörkmanAbstract:The purpose of this paper is to elucidate the effects of organizational and national Cultural Differences on international acquisitions. We argue that Cultural Differences prompt social identity building that leads to ‘us versus them’ thinking and thereby creates the potential for social conflict. We also maintain that the same Cultural Differences can contribute to learning in terms of knowledge transfer. We develop a structural equation model to test these hypothesized effects on a sample of related international acquisitions. Our analysis shows that Cultural Differences at the organizational level are positively associated with social conflict, but that national Cultural Differences can decrease social conflict. Furthermore, both organizational and national Cultural Differences are positively associated with knowledge transfer. This analysis shows the importance of disentangling the various effects that Cultural Differences have on international acquisitions. It also suggests that national Cultural Differences are less of a problem in international acquisitions than is usually assumed.
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Cultural Differences, convergence, and crossvergence as explanations of knowledge transfer in international acquisitions
Journal of International Business Studies, 2010Co-Authors: Riikka M Sarala, Eero VaaraAbstract:In spite of the proliferation of research on Cultural Differences in international mergers and acquisitions, we lack systematic analyses of the impact of Cultural factors on knowledge transfer. In this paper, we argue that both national and organizational Cultural Differences and Cultural integration in the form of Cultural convergence and crossvergence affect knowledge transfer in acquisitions. We develop specific hypotheses concerning the nature of these effects, and test our hypotheses with data on international acquisitions carried out by Finnish corporations. The analyses performed show that national Cultural Differences provide great potential for knowledge transfer in international acquisitions. Furthermore, organizational Cultural convergence and crossvergence have a significant positive impact on knowledge transfer. In particular, convergence and crossvergence moderate the impact of national Cultural Differences on knowledge transfer.
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Cultural Differences and capability transfer in cross-border acquisitions: the mediating roles of capability complementarity, absorptive capacity, and social integration
Journal of International Business Studies, 2007Co-Authors: Ingmar Björkman, Günter K Stahl, Eero VaaraAbstract:This paper presents an integrative model of the impact of Cultural Differences on capability transfer in cross-border acquisitions. We propose that Cultural Differences affect the post-acquisition capability transfer through their impact on social integration, potential absorptive capacity, and capability complementarity. Two dynamic variables – the use of social integration mechanisms, and the degree of operational integration of the acquired unit – are proposed to moderate the effects of Cultural Differences on social integration and potential absorptive capacity. The implications for acquisition research and practice are discussed.
Yishay Yafeh - One of the best experts on this subject based on the ideXlab platform.
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do Cultural Differences between contracting parties matter evidence from syndicated bank loans
Management Science, 2012Co-Authors: Mariassunta Giannetti, Yishay YafehAbstract:We investigate whether Cultural Differences between professional decision makers affect financial contracts in a large data set of international syndicated bank loans. We find that more Culturally distant lead banks offer borrowers smaller loans at a higher interest rate and are more likely to require third-party guarantees. These effects do not disappear following repeated interaction between borrower and lender and are economically sizable: A one-standard-deviation increase in Cultural distance, approximately the distance between Canada and the United States or between Japan and South Korea, is associated with a 6.5 basis point higher loan spread; the loan spread increases by about 23 basis points if the bank-firm match involves Culturally more distant parties, for example, from Japan and the United States. We also find that Cultural Differences not only affect the relation between borrower and lender, but also hamper risk sharing between participant banks and Culturally distant lead banks. This paper was accepted by Brad Barber, Teck Ho, and Terrance Odean, special issue editors.
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do Cultural Differences between contracting parties matter evidence from syndicated bank loans
Social Science Research Network, 2010Co-Authors: Mariassunta Giannetti, Yishay YafehAbstract:We investigate whether Cultural Differences between professional decision-makers affect financial contracts in a large dataset of international syndicated bank loans. We find that more Culturally distant lead banks offer borrowers smaller loans at a higher interest rate and are more likely to require third-party guarantees. These effects do not disappear following repeated interaction between borrower and lender and are economically sizable: A one-standard-deviation increase in Cultural distance, approximately the distance between Canada and the U.S. or between Japan and South Korea, is associated with a 6.5 basis point higher loan spread; the loan spread increases by about 23 basis points if the bank-firm match involves Culturally more distant parties, for example, from Japan and the U.S. We also find that Cultural Differences not only affect the relation between borrower and lender, but also hamper risk sharing between participant banks and Culturally distant lead banks.
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do Cultural Differences between contracting parties matter evidence from syndicated bank loans
Research Papers in Economics, 2008Co-Authors: Mariassunta Giannetti, Yishay YafehAbstract:We investigate whether Cultural Differences between professional decision-makers affect financial contracts in a large dataset of international syndicated bank loans. We find that lead banks offer smaller loans at a higher interest rate to more Culturally distant borrowers. Furthermore, lead banks are more likely to require third-party guarantees as Cultural distance with the borrower increases. The effects of Cultural Differences are not confined to the relation between borrower and lender and appear to hamper risk sharing within the syndicate as well. Ceteris paribus, participant banks fund smaller portions of syndicated loans led by Culturally distant banks. These Cultural biases are not significantly reduced by repeated interaction with the counterparty or with other agents in the foreign country.
Paul J Taylor - One of the best experts on this subject based on the ideXlab platform.
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interaction patterns in crisis negotiations persuasive arguments and Cultural Differences
Journal of Applied Psychology, 2009Co-Authors: Ellen Giebels, Paul J TaylorAbstract:This research examines Cultural Differences in negotiators' responses to persuasive arguments in crisis (hostage) negotiations over time. Using a new method of examining cue-response patterns, the authors examined 25 crisis negotiations in which police negotiators interacted with perpetrators from low-context (LC) or high-context (HC) cultures. Compared with HC perpetrators, LC perpetrators were found to use more persuasive arguments, to reciprocate persuasive arguments in the second half of negotiations, and to respond to persuasive arguments in a compromising way. Further analyses found that LC perpetrators were more likely to communicate threats, especially in the first half of the negotiations, but that HC perpetrators were more likely to reciprocate them. The implications of these findings for our understanding of interCultural interaction are discussed
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interaction patterns in crisis negotiations persuasive arguments and Cultural Differences
Social Science Research Network, 2007Co-Authors: Ellen Giebels, Paul J TaylorAbstract:This research examines Cultural Differences in negotiators' responses to rational persuasion in crisis negotiations over time. Using a new method of examining cue-response patterns, we examined 25 crisis negotiations in which police negotiators interacted with perpetrators from low- or high-context cultures. As predicted, low-context more than high-context perpetrators were found to use persuasive arguments, to reciprocate persuasive arguments, and to respond to persuasive arguments in a compromising way. These effects were partly mediated by time period, with the more normative, later period of interaction associated with larger Cultural effects than the early crisis-dominated period of interaction. Further analyses found that low-context perpetrators were more likely to communicate threats, but that high-context negotiators were more likely to reciprocate them. The implications of these findings for our understanding of inter-Cultural interaction are discussed.
Beatrice De Gelder - One of the best experts on this subject based on the ideXlab platform.
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i feel your voice Cultural Differences in the multisensory perception of emotion
Psychological Science, 2010Co-Authors: Akihiro Tanaka, Ai Koizumi, Hisato Imai, Eriko Hiramoto, Saori Hiramatsu, Beatrice De GelderAbstract:Cultural Differences in emotion perception have been reported mainly for facial expressions and to a lesser extent for vocal expressions. However, the way in which the perceiver combines auditory and visual cues may itself be subject to Cultural variability. Our study investigated Cultural Differences between Japanese and Dutch participants in the multisensory perception of emotion. A face and a voice, expressing either congruent or incongruent emotions, were presented on each trial. Participants were instructed to judge the emotion expressed in one of the two sources. The effect of to-be-ignored voice information on facial judgments was larger in Japanese than in Dutch participants, whereas the effect of to-be-ignored face information on vocal judgments was smaller in Japanese than in Dutch participants. This result indicates that Japanese people are more attuned than Dutch people to vocal processing in the multisensory perception of emotion. Our findings provide the first evidence that multisensory inte...
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i feel your voice Cultural Differences in the multisensory perception of emotion
Psychological Science, 2010Co-Authors: Akihiro Tanaka, Ai Koizumi, Hisato Imai, Eriko Hiramoto, Saori Hiramatsu, Beatrice De GelderAbstract:Cultural Differences in emotion perception have been reported mainly for facial expressions and to a lesser extent for vocal expressions. However, the way in which the perceiver combines auditory and visual cues may itself be subject to Cultural variability. Our study investigated Cultural Differences between Japanese and Dutch participants in the multisensory perception of emotion. A face and a voice, expressing either congruent or incongruent emotions, were presented on each trial. Participants were instructed to judge the emotion expressed in one of the two sources. The effect of to-be-ignored voice information on facial judgments was larger in Japanese than in Dutch participants, whereas the effect of to-be-ignored face information on vocal judgments was smaller in Japanese than in Dutch participants. This result indicates that Japanese people are more attuned than Dutch people to vocal processing in the multisensory perception of emotion. Our findings provide the first evidence that multisensory integration of affective information is modulated by perceivers' Cultural background.
Riikka M Sarala - One of the best experts on this subject based on the ideXlab platform.
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the impact of organizational and national Cultural Differences on social conflict and knowledge transfer in international acquisitions
Journal of Management Studies, 2012Co-Authors: Eero Vaara, Günter K Stahl, Riikka M Sarala, Ingmar BjörkmanAbstract:The purpose of this paper is to elucidate the effects of organizational and national Cultural Differences on international acquisitions. We argue that Cultural Differences prompt social identity building that leads to ‘us versus them’ thinking and thereby creates the potential for social conflict. We also maintain that the same Cultural Differences can contribute to learning in terms of knowledge transfer. We develop a structural equation model to test these hypothesized effects on a sample of related international acquisitions. Our analysis shows that Cultural Differences at the organizational level are positively associated with social conflict, but that national Cultural Differences can decrease social conflict. Furthermore, both organizational and national Cultural Differences are positively associated with knowledge transfer. This analysis shows the importance of disentangling the various effects that Cultural Differences have on international acquisitions. It also suggests that national Cultural Differences are less of a problem in international acquisitions than is usually assumed.
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Cultural Differences, convergence, and crossvergence as explanations of knowledge transfer in international acquisitions
Journal of International Business Studies, 2010Co-Authors: Riikka M Sarala, Eero VaaraAbstract:In spite of the proliferation of research on Cultural Differences in international mergers and acquisitions, we lack systematic analyses of the impact of Cultural factors on knowledge transfer. In this paper, we argue that both national and organizational Cultural Differences and Cultural integration in the form of Cultural convergence and crossvergence affect knowledge transfer in acquisitions. We develop specific hypotheses concerning the nature of these effects, and test our hypotheses with data on international acquisitions carried out by Finnish corporations. The analyses performed show that national Cultural Differences provide great potential for knowledge transfer in international acquisitions. Furthermore, organizational Cultural convergence and crossvergence have a significant positive impact on knowledge transfer. In particular, convergence and crossvergence moderate the impact of national Cultural Differences on knowledge transfer.
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the impact of Cultural Differences and acculturation factors on post acquisition conflict
Scandinavian Journal of Management, 2010Co-Authors: Riikka M SaralaAbstract:The importance of Cultural factors as antecedents of post-acquisition conflict has been recognized in previous research. Nevertheless, this recognition has translated itself into relatively little wide-scale empirical research. Therefore, this paper empirically examines the impact of Cultural Differences and acculturation factors on post-acquisition conflict. It proposes that post-acquisition conflict can be explained by Cultural Differences and acculturation factors. The sample is based on domestic and international acquisitions carried out by Finnish corporations during the period 2001—2004. The results show that organizational Cultural Differences and organizational Cultural preservation increase conflict, partner attractiveness decreases conflict, while national Cultural Differences have no influence on the level of conflict. These findings confirm that both organizational Cultural Differences and acculturation factors are needed to explain the essential dynamics of post-acquisition integration.
