Sociocultural Integration in Mergers and Acquisitions: Unresolved Paradoxes and Directions for Future Research

Günter Stahl, Duncan Angwin, Philippe Very, Emanuel Gomes, Yaakov Weber, Shlomo Yedidia Tarba, Niels G. Noorderhaven, Haim Benyamini, Dave Bouckenooghe, Samia Chreim, Muriel Durand, Mélanie E. Hassett, Gary Kokk, Mark E. Mendenhall, Nicola Mirc, Christof Miska, Kathleen Marshall Park, Noelia-Sarah Reynolds, Audrey Rouzies, Riikka M. SaralaSergio Luis Seloti Jr, Mikael Søndergaard, Harun Emre Yildiz

Publikation: Wissenschaftliche FachzeitschriftOriginalbeitrag in FachzeitschriftBegutachtung

Abstract

Despite decades of research, the key factors for success in mergers and acquisitions (M&As) and the reasons why M&As often fail remain poorly understood. While attempts to explain M&A success and failure have traditionally focused on strategic and financial factors, an emergent field of inquiry has been directed at the sociocultural and human resources issues involved in the integration of acquired or merging firms. This research has sought to explain M&A performance and underperformance in terms of the impact that variables such as cultural fit, management style similarity, the pattern of dominance between merging firms, the acquirer's degree of cultural tolerance, and the social climate surrounding a takeover have on the postmerger integration process. In this article, we attempt to take stock of, and synthesize, the findings from research on sociocultural and human resources integration in M&A, to identify conflicting perspectives and unresolved questions as well as several underresearched areas, and then use our analyses to propose an agenda for the next stage of research in this field.
OriginalspracheEnglisch
Seiten (von - bis)333 - 356
FachzeitschriftThunderbird International Business Review
Jahrgang55
Ausgabenummer4
DOIs
PublikationsstatusVeröffentlicht - 1 Juli 2013

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