Is Board Gender Diversity the Key to Understanding Culture’s Impact on International Merger and Acquisition Success? ()
ABSTRACT
Since its rise in popularity in the late 20th century,
cross-border M & A deals have become an increasingly commonplace practice
among businesses seeking to internationalize. Despite the abundant literature,
findings on the correlation between cultural distance and M & A success
have been contradictory. Due to the complex nature of culture, many authors
suggest the existence of other external factors to be the cause of this
inconclusiveness. The purpose of this study is to reassess culture’s effect on
M & A success within a more recent context and determine if board gender
diversity moderates this relationship. The results show a positive relationship
between cultural similarity and M & A success but do not suggest board
gender diversity to be a moderator in this relationship. This paper concludes
with a discussion of the findings and recommendations for future research. This
is the first exploratory research done that investigates board gender diversity
as a moderator in this context, seeking to stimulate further research in this
area and make theoretical contributions.
Share and Cite:
Xu, B. (2023) Is Board Gender Diversity the Key to Understanding Culture’s Impact on International Merger and Acquisition Success?.
Open Journal of Business and Management,
11, 2890-2907. doi:
10.4236/ojbm.2023.116160.
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