Corporate Cultural Fit and Performance in Mergers and Acquisitions
研究了并购中企业文化契合度、自主权移除和管理者承诺对整合效果和财务绩效的影响，发现这些因素的作用因行业而异。
While cultural fit has been acknowledged to be a potentially important factor in mergers and acquisitions, the concept has been ill-defined. Hence, its relationships to other human aspects in mergers have not been rigorously examined. Further, the relationships between cultural differences and other human factors to the effectiveness of the integration process and financial performance have not been subject to rigorous research that use relatively large samples of mergers and acquisitions. The present study assesses the role of corporate cultural fit, autonomy removal, and commitment of managers to the merger in predicting effective integration between merger partners in different industry sectors. The relationships between, and role of, these variables are found to be complex; they vary across industries and have different relationships with different measures of performance.