This study revisits the well-established topic of cross-border acquisitions in international management research. We examine the combined effect of psychic distance and host country informational globalization on the speed of deal completion and ownership decisions in acquisitions. Using a negative binomial regression model, we find that higher levels of informational globalization are associated with shorter acquisition completion times, especially in contexts characterized by significant psychic distance. Additionally, informational globalization appears to increase ownership levels in acquisitions, mitigating the uncertainties associated with large psychic distance and enabling greater control over foreign operations. These findings underscore the critical role of host country informational globalization in reducing the adverse effects of psychic distance on cross-border acquisitions, providing valuable insights for both academic research and managerial practice.
