A cross-cultural comparative study of German and singaporean employees’ trust decisions following a takeover: Implications for cross-border mergers and acquisitions

Günter K. Stahl, Chei Hwee Chua

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Mergers and acquisitions (M&As) are an increasingly popular strategy for achieving corporate growth and diversification. The worldwide value of deals increased from US$462 billion to over US$3.5 trillion during the 1990s. Although the USA is the largest M&A market, Europe and Asia have outpaced it in terms of growth rates. Between 1990 and 1999, the number of M&As in the USA recorded a 10 per cent compound annual growth rate, while Europe and Asia-Pacific recorded a higher growth rate, of 13 per cent and 27 per cent, respectively (Sirower and Hasson, 2000). Cross-border M&As, in particular, are becoming an increasingly popular alternative to greenfield investments or strategic alliances as a vehicle for internationalization. The number of cross-border deals more than quadrupled between 1997 and 2000, with the number of transactions increasing from 2,100 to 9,200 (Levy, 2001). According to a KPMG survey, out of all M&As executed yearly, the percentage of cross-border M&As increased from 26 per cent in 1997 to 41 per cent in 2000 (Levy, 2001).

Original languageEnglish (US)
Title of host publicationTrust and Antitrust in Asian Business Alliances: Historical Roots and Current Practices
PublisherPalgrave Macmillan
Pages314-329
Number of pages16
ISBN (Electronic)9780230523579
ISBN (Print)9781403916198
DOIs
StatePublished - Jan 1 2003
Externally publishedYes

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • Business, Management and Accounting(all)

Fingerprint Dive into the research topics of 'A cross-cultural comparative study of German and singaporean employees’ trust decisions following a takeover: Implications for cross-border mergers and acquisitions'. Together they form a unique fingerprint.

  • Cite this

    Stahl, G. K., & Hwee Chua, C. (2003). A cross-cultural comparative study of German and singaporean employees’ trust decisions following a takeover: Implications for cross-border mergers and acquisitions. In Trust and Antitrust in Asian Business Alliances: Historical Roots and Current Practices (pp. 314-329). Palgrave Macmillan. https://doi.org/10.1057/9780230523579_14