“…Social psychology literature proposes that accountability limits self-interested behavior (Mackinger & Jonas, 2012), increases information exchange within the group (Liu & McLeod, 2014), and triggers socially responsible behaviors (De Cremer & Van Dijk, 2009). Also, under public scrutiny, members are more accountable for their views and actions so that they will be perceived as assets to fellow group members (Pinter et al, 2007;Van Kleef, Steinel, Van Knippenberg, Hogg, & Svensson, 2007) and would, therefore, generally perform well (Kou & Stewart, 2018;Mero, Guidice, & Werner, 2014 (Demirbag, Glaister, & Tatoglu, 2007;Faccio, McConnell, & Stolin, 2006) and sought at least 15% of the target shares in the focal transaction (Bradley, Desai, & Kim, 1983;Kale, Kini, & Ryan, 2003;Shenoy, 2012). Afterwards, I retained the deals for which the transaction value was available to estimate target size (Ahammad, Leone, Tarba, Glaister, & Arslan, 2017).…”