Exploring the Cultural, Managerial and Organizational Implications on Mergers and Acquisitions Outcomes

Da Costa Renato Lopes (), Miguel João (), Dias Álvaro (), Pereira Leandro () and Santos José ()
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Da Costa Renato Lopes: ISCTE-Instituto Universitário de Lisboa, BRU-Business Research Unit, Lisboa, Portugal
Miguel João: ISCTE-Instituto Universitário de Lisboa, BRU-Business Research Unit, Lisboa, Portugal
Dias Álvaro: ISCTE-Instituto Universitário de Lisboa, BRU-Business Research Unit, Lisboa, Portugal
Pereira Leandro: ISCTE-Instituto Universitário de Lisboa, BRU-Business Research Unit, Lisboa, Portugal
Santos José: ISCTE-Instituto Universitário de Lisboa, Department of Quantitative Methods, WINNING LAB, Lisboa, Portugal

Organizacija, 2021, vol. 54, issue 1, 18-35

Abstract: Background/Purpose: This work is focused on the variables that influence the outcomes of mergers and acquisitions, by learning from past mistakes, adopt better strategies and make wiser decisions to enhance the outcomes of their mergers and acquisitions. Using a qualitative approach, this research contributes to existing knowledge on mergers and acquisitions performance by exploring the cultural, managerial and organizational factors dimensions through an integrative approach using multiple perspectives.Methodology: Fifteen interviews were conducted with experienced professionals in multiple areas of mergers and acquisitions. Content analysis was used to interpret the results. This enabled to achieve a more complete set of answers and potential solutions while comparing opinions on the same problems from slightly different angles.Results: Results show the existence of managerial hubris, emotional attachment and over-optimism in mergers and acquisitions. There was a relative support towards standardizing the process of mergers and acquisitions deals, but respondents advise to keep some creativity and flexibility.Conclusion: The article concludes by addressing key issues for mergers and acquisitions performance: capabilities and experience; organizational communication; internal coordination; and, key issues for decision-making.

Keywords: Mergers and acquisitions; Synergies; Culture; Strategy; Growth; Performance (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:organi:v:54:y:2021:i:1:p:18-35:n:6

DOI: 10.2478/orga-2021-0002

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