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Necessity to integrate operational business during M&A: the effect of employees’ vision and cultural openness

Ralf Bebenroth and Robert A. Goehlich ()
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Robert A. Goehlich: Embry-Riddle Aeronautical University

SN Business & Economics, 2021, vol. 1, issue 8, 1-17

Abstract: Abstract This research investigates the impact of target-firm employees’ vision and cultural openness to integrate their operational business into a bidder firm. Our empirical analyses are performed on a sample of 176 employees of a medium-sized German engineering firm in the waste power plant industry taken over by a Japanese steelmaker. The questionnaire results show that, not the vision of German employees but their cultural openness positively correlates to the perceived need of integration. However, culturally open employees with a clear, articulated vision perceive less need to integrate their operational business into the Japanese bidder firm. This research contributes to understanding the behavior of the target-firm’s employees in particular. The results are useful for managers who are involved in a cross-border acquisition. Therefore, we discuss practical implications of our findings as well as its limitations.

Keywords: Cultural openness; Integration necessity; M&A; Vision; G34; M14; D23; M51 (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/s43546-021-00109-x

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