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

Author

Listed:
  • Günter K. Stahl
  • Duncan N. Angwin
  • Philippe Very

    (Hellebore Capital Management)

  • Emanuel Gomes

    (PhyMoTS - Physiologie Moléculaire du Transport du Sucre chez les Végétaux - Université de Poitiers - CNRS - Centre National de la Recherche Scientifique)

  • Yaakov Weber
  • Shlomo Yedidia Tarba
  • Niels Noorderhaven
  • Haim Benyamini
  • Dave Bouckenooghe
  • Samia Chreim
  • Muriel Durand

    (Centre Hospitalier Emile Roux - Centre Hospitalier Emile Roux, LINA-ENSMSE - Laboratoire Interdisciplinaire d'Etude des Nanoparticules Aérosolisées - Mines Saint-Étienne MSE - École des Mines de Saint-Étienne - Institut Mines-Télécom [Paris] - CIS)

  • Mélanie E. Hassett
  • Gary Kokk
  • Mark E. Mendenhall
  • Nicola Mirc

    (stratégie - CRM - Centre de Recherche en Management - UT1 - Université Toulouse 1 Capitole - IAE - Institut d'Administration des Entreprises - Toulouse - CNRS - Centre National de la Recherche Scientifique)

  • Christof Miska
  • Kathleen Marshall Park
  • Noelia-Sarah Reynolds

    (Melbourne Graduate School of Education - University of Melbourne)

  • Audrey Rouzies

    (stratégie - CRM - Centre de Recherche en Management - UT1 - Université Toulouse 1 Capitole - IAE - Institut d'Administration des Entreprises - Toulouse - CNRS - Centre National de la Recherche Scientifique)

  • Riikka M. Sarala
  • Sergio Luis Seloti
  • Mikael Søndergaard
  • H. Emre Yildiz

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

Suggested Citation

  • Günter K. Stahl & Duncan N. Angwin & Philippe Very & Emanuel Gomes & Yaakov Weber & Shlomo Yedidia Tarba & Niels Noorderhaven & Haim Benyamini & Dave Bouckenooghe & Samia Chreim & Muriel Durand & Méla, 2013. "Sociocultural Integration in Mergers and Acquisitions: Unresolved Paradoxes and Directions for Future Research," Post-Print halshs-00862249, HAL.
  • Handle: RePEc:hal:journl:halshs-00862249 DOI: 10.1002/tie.21549 Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00862249
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Durand, Muriel, 2016. "Employing critical incident technique as one way to display the hidden aspects of post-merger integration," International Business Review, Elsevier, vol. 25(1), pages 87-102.
    2. Yildiz, H. Emre, 2016. "“Us vs. them” or “us over them”? On the roles of similarity and status in M&As," International Business Review, Elsevier, vol. 25(1), pages 51-65.
    3. H Emre Yildiz & Carl F Fey, 2016. "Are the extent and effect of psychic distance perceptions symmetrical in cross-border M&As? Evidence from a two-country study," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 47(7), pages 830-857, September.
    4. Rao-Nicholson, Rekha & Khan, Zaheer & Stokes, Peter, 2016. "Making great minds think alike: Emerging market multinational firms’ leadership effects on targets’ employee psychological safety after cross-border mergers and acquisitions," International Business Review, Elsevier, vol. 25(1), pages 103-113.
    5. Jap, Sandy & Gould, A. Noel & Liu, Annie H., 2017. "Managing mergers: Why people first can improve brand and IT consolidations," Business Horizons, Elsevier, vol. 60(1), pages 123-134.

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