CULTURAL DUE DILIGENCE IN M&A. IMPORTANCE OF SOFT RISKS FACTORS

Iulian Warter () and Liviu Warter ()
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Iulian Warter: Center for Socio-Economic Studies and Multiculturalism, Iasi, Romania
Liviu Warter: Center for Socio-Economic Studies and Multiculturalism, Iasi, Romania

Annals of Spiru Haret University, Economic Series, 2017, vol. 17, issue 2, 38-61

Abstract: During the last decades, the corporate world has witnessed a significant rise in the number of cross border mergers and acquisitions (M&As). In cross border M&As, not only different corporate cultures collide, but also different professional and national cultures. The purpose of Cultural Due Diligence (CDD) is to get a coherent image of the intercultural challenges of the M&A in order to be aware of the intercultural risks and opportunities. This article aims to reveal the perception of managers involved in the preM&A stage on the soft risks factors that need to be investigated during CDD. This study proposes an appraisal of the most important intercultural issues that need to be considered in M&A. Our contribution to the intercultural aspects of M&A literature consists in improving the current understanding of Cultural Due Diligence content

Keywords: mergers and acquisitions (M&As); cultural due diligence; national culture; organizational culture; professional culture (search for similar items in EconPapers)
JEL-codes: F23 G34 M14 Z19 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (2)

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