Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Sociocultural integration in mergers and acquisitions
T2 - unresolved paradoxes and directions for future research
AU - Stahl, Günter K.
AU - Angwin, Duncan Neil
AU - Very, Philippe
AU - Gomes, Emanuel
AU - Weber, Yaakov
AU - Tarba, Shlomo
AU - Noorderhaven, Niels
AU - Benyamini, Haim
AU - Bouckenooghe, Dave
AU - Chreim, Samia
AU - Durand, Muriel
AU - Hassett, Mélanie E.
AU - Kokk, Gary
AU - Mendenhall, Mark E.
AU - Mirc, Nicola
AU - Miska, Christof
AU - Marshall Park, Kathleen
AU - Reynolds, Noelia-Sarah
AU - Rouzies, Audrey
AU - Sarala, Rikka M.
AU - Seloti, Sergio Luis
AU - Søndergaard, Mikael
AU - Yildiz, H. Emre
PY - 2013/8
Y1 - 2013/8
N2 - 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.
AB - 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.
KW - Socio-cultural integration
KW - mergers and acquisitions
KW - acquisition process
KW - post acquisition integration
KW - speed
U2 - 10.1002/tie.21549
DO - 10.1002/tie.21549
M3 - Journal article
VL - 55
SP - 333
EP - 356
JO - Thunderbird International Business Review
JF - Thunderbird International Business Review
SN - 1096-4762
IS - 4
ER -