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

Fingerprint

Cross-border mergers and acquisitions
Employees
Comparative study
Cross-border
Internationalization
Strategic alliances
Corporate diversification
Asia
Greenfield investment
Asia-Pacific
Mergers and acquisitions
Corporate growth

ASJC Scopus subject areas

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

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

A cross-cultural comparative study of German and singaporean employees’ trust decisions following a takeover : Implications for cross-border mergers and acquisitions. / Stahl, Günter K.; Hwee Chua, Chei.

Trust and Antitrust in Asian Business Alliances: Historical Roots and Current Practices. Palgrave Macmillan, 2003. p. 314-329.

Research output: Chapter in Book/Report/Conference proceedingChapter

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