Attributional tendencies in cultural explanations of M&A performance
研究发现管理者对并购绩效的归因存在线性与曲线关系：文化差异归因受先前经验调节，而管理者行为归因则不受经验影响，提醒避免简单化解释。
This paper focuses on managers' attributions of M&A performance. Our analysis indicates that there is a linear association between performance and attributions to cultural differences, which is moderated by prior experience. Furthermore, our results suggest that there is a curvilinear association between performance and attributions to managers' actions, but we found no support for the moderating effect of experience for this association. By substantiating these attributional tendencies, our results contribute to research on M&As and studies on attribution more generally. In particular, our study helps to put cultural differences in perspective and cautions researchers and practitioners alike to avoid simplistic explanations of M&A performance . Copyright © 2013 John Wiley & Sons, Ltd.