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Board Interlocks and Cross-Border Mergers and Acquisitions: An Emerging Market Perspective
, Faisal Mohammad Ahsan, Sathyajit Gubbi
Published in Academy of Management
Volume: 2018
Issue: 1

In this article, we explore the role of firm’s network ties in form of board interlocks on its propensity to pursue cross-border mergers and acquisitions. Anchoring on dual lens of network theory and resource dependence theory, our empirical analysis in the Indian context during 2003-2013, finds support for our hypothesis that board interlocks have a positive impact on the number of cross-border mergers and acquisitions done by the focal firm. Findings also show that strengthening of institutional reforms has a substitutive effect on firm’s network ties. Additionally, we also distinguish the contextual effect of network ties on cross-border mergers and acquisitions. Our empirical findings suggest that the relationship between degree of board interlocks and cross-border acquisitions is moderated by the industry context.

About the journal
JournalAcademy of Management Proceedings
PublisherAcademy of Management
Open AccessNo