| Resumo: | The literature on cross-border acquisitions has extensively addressed post-acquisition effects such as performance, but little has been studied on the pre-acquisition phase. Specifically, this study seeks to investigate deal duration and how the host institution environment and institutional and cultural distances of different countries affect time to completion. The sample contains 523 transitions between emerging countries China and India and Western countries Canada, France, Germany, U.K. and U.S., between 2010 and 2019. The results reveal that a country's high institutional quality hinders deal completion to protect local businesses, while institutional and cultural differences between two countries lengthen the deal duration.
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