Foreign-born CEOs and International Acquisitions
CEOs who have moved away from their country of origin are more likely to make international acquisitions, with a preference for targets in their birth country, according to a new study by researchers at the University of Toronto.
The study, conducted by Ron Shalev, an associate professor of accounting at U of T Scarborough, and his co-authors, analyzed a sample of nearly 1,300 corporate acquisitions over a 14-year period.
- Compared acquisitions, financial and other corporate data with biographical information on the companies’ CEOs at the time of the purchases.
CEOs who have moved away from their country of origin are more likely to make international acquisitions, with a preference for targets in their birth country.
Author's summary: Foreign-born CEOs prefer international acquisitions in their home countries.
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