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: Department of Engineering and Technology, Embry-Riddle Aeronautical University, U.S.A.

No DP2020-09, Discussion Paper Series from Research Institute for Economics & Business Administration, Kobe University

Abstract: This research investigates the impact of target firm employees' vision and cultural openness on their perception of the need to integrate their operational business into a bidder firm. The results show that, not vision but cultural openness positively correlates to target firm employees' perceived need to integrate their operational business into the bidder firm. However, culturally open employees with a clear, articulated vision perceive less need to integrate their operational businesses into the bidder firm. This research contributes to understanding the behavior of the target firm's employees in particular. While the decision to undertake an M&A integration process is primarily driven by economic issues, a successful result is influenced by social issues, such as the cultural openness of the target firm's employees.

Keywords: Cultural openness; Integration necessity; M&A; Vision (search for similar items in EconPapers)
Pages: 22 pages
Date: 2020-02
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https://www.rieb.kobe-u.ac.jp/academic/ra/dp/English/DP2020-09.pdf First version, 2020 (application/pdf)

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Journal Article: Necessity to integrate operational business during M&A: the effect of employees’ vision and cultural openness (2021)
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