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Do minority acquisitions transfer better corporate governance practices?: An analysis of UK's cross-border minority investments

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Do minority acquisitions transfer better corporate governance practices? An analysis of UK's cross-border minority investments. / Peasnell, Ken; Polovina, Nereida.
In: British Accounting Review, Vol. 52, No. 3, 100897, 30.05.2020.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Peasnell, K & Polovina, N 2020, 'Do minority acquisitions transfer better corporate governance practices? An analysis of UK's cross-border minority investments', British Accounting Review, vol. 52, no. 3, 100897. https://doi.org/10.1016/j.bar.2020.100897

APA

Peasnell, K., & Polovina, N. (2020). Do minority acquisitions transfer better corporate governance practices? An analysis of UK's cross-border minority investments. British Accounting Review, 52(3), Article 100897. https://doi.org/10.1016/j.bar.2020.100897

Vancouver

Peasnell K, Polovina N. Do minority acquisitions transfer better corporate governance practices? An analysis of UK's cross-border minority investments. British Accounting Review. 2020 May 30;52(3):100897. doi: 10.1016/j.bar.2020.100897

Author

Peasnell, Ken ; Polovina, Nereida. / Do minority acquisitions transfer better corporate governance practices? An analysis of UK's cross-border minority investments. In: British Accounting Review. 2020 ; Vol. 52, No. 3.

Bibtex

@article{5f9eba8766fd492c838afcba6e3b486b,
title = "Do minority acquisitions transfer better corporate governance practices?: An analysis of UK's cross-border minority investments",
abstract = "This study examines the influence of minority shareholders on the transfer of corporate governance practices into companies in other countries where they invest. By analysing UK firms that acquired a minority ownership in foreign firms between 1993 and 2014, we find evidence of better corporate governance in the board structure of target foreign firms following UK firms taking a minority shareholding, the extent and nature of the changes varying depending on the quality of investor protection in the country the foreign target firm is located. Our findings contribute to the on-going debates on the spillover effect of better corporate governance practices via cross-border mergers and acquisitions as well as relationship between internal (board of directors) and external (country's quality of investor protection) corporate governance mechanisms.",
keywords = "Minority acquisitions, corporate governance",
author = "Ken Peasnell and Nereida Polovina",
year = "2020",
month = may,
day = "30",
doi = "10.1016/j.bar.2020.100897",
language = "English",
volume = "52",
journal = "British Accounting Review",
issn = "0890-8389",
publisher = "Academic Press Inc.",
number = "3",

}

RIS

TY - JOUR

T1 - Do minority acquisitions transfer better corporate governance practices?

T2 - An analysis of UK's cross-border minority investments

AU - Peasnell, Ken

AU - Polovina, Nereida

PY - 2020/5/30

Y1 - 2020/5/30

N2 - This study examines the influence of minority shareholders on the transfer of corporate governance practices into companies in other countries where they invest. By analysing UK firms that acquired a minority ownership in foreign firms between 1993 and 2014, we find evidence of better corporate governance in the board structure of target foreign firms following UK firms taking a minority shareholding, the extent and nature of the changes varying depending on the quality of investor protection in the country the foreign target firm is located. Our findings contribute to the on-going debates on the spillover effect of better corporate governance practices via cross-border mergers and acquisitions as well as relationship between internal (board of directors) and external (country's quality of investor protection) corporate governance mechanisms.

AB - This study examines the influence of minority shareholders on the transfer of corporate governance practices into companies in other countries where they invest. By analysing UK firms that acquired a minority ownership in foreign firms between 1993 and 2014, we find evidence of better corporate governance in the board structure of target foreign firms following UK firms taking a minority shareholding, the extent and nature of the changes varying depending on the quality of investor protection in the country the foreign target firm is located. Our findings contribute to the on-going debates on the spillover effect of better corporate governance practices via cross-border mergers and acquisitions as well as relationship between internal (board of directors) and external (country's quality of investor protection) corporate governance mechanisms.

KW - Minority acquisitions, corporate governance

U2 - 10.1016/j.bar.2020.100897

DO - 10.1016/j.bar.2020.100897

M3 - Journal article

VL - 52

JO - British Accounting Review

JF - British Accounting Review

SN - 0890-8389

IS - 3

M1 - 100897

ER -