Mars-Venus Marriages: Culture and Cross-Border M&A
Mars-Venus Marriages: Culture and Cross-Border M&A
Mars-Venus Marriages: Culture and Cross-Border M&A
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36-month BHAR<br />
Independent Variable coeff t-stat<br />
Intercept -0.570 -1.57<br />
Friendly_Dummy 0.519 *** 3.99<br />
Tender_Dummy 0.017 0.12<br />
Cash_Dummy 0.281 *** 3.30<br />
No_of_Bidders -0.391 * -1.63<br />
Log (Acquiror MV) 0.121 0.78<br />
Openness_Target 0.000 -0.18<br />
PCI_diff 0.273 ** 2.04<br />
Forex_Volatility 0.008 0.31<br />
Log (Bilateral Trade) 0.000 -1.00<br />
Corp_Gov_Diff -0.048 -1.00<br />
Power_Dist_Diff -0.008 -1.62<br />
Individualism_Diff -0.005 -1.37<br />
Masculinity_Diff -0.006 * -1.83<br />
Uncertainty_Avoid_Diff 0.001 0.36<br />
Target Country Fixed Effects<br />
YES<br />
Year Fixed Effects<br />
YES<br />
R2 (%) 10.2<br />
Durbin-Watson Statistic 2.01<br />
Number of Observations 753<br />
t-statistics with robust st<strong>and</strong>ard errors are stated in parentheses<br />
*** Significant at the 1% level<br />
** Significant at the 5% level<br />
*Significant at the 10% level<br />
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