Does Tolerance Lead to Better Partnering?
研究了组织宽容度与并购公告市场反应的关系，发现宽容的组织（重视多元和多样性）能解释市场反应差异的显著部分，对并购整合有积极影响。
Many mergers and acquisitions stumble due to the postmerger integration process. The authors examine the relationship between organizational tolerance and market reaction to merger announcements. Tolerant organizations are those that value plurality and diversity and because of these values may have easier merger integration. The authors test this hypothesis with a sample of 200 acquiring firms and find evidence that organizational tolerance explains a significant portion of the variance in market reactions to merger announcements.