A3 Vertaisarvioitu kirjan tai muun kokoomateoksen osa
Structure First! Temporal Dynamics of Structural and Cultural Integration in Cross-Border Acquisitions
Tekijät: Satu Teerikangas, Tomi Laamanen
Toimittaja: Sydney Finkelstein and Cary Cooper
Kustannuspaikka: Bingley
Julkaisuvuosi: 2014
Kokoomateoksen nimi: Advances in Mergers and Acquisitions
Sarjan nimi: Advances in Mergers and Acquisitions
Vuosikerta: 13
Aloitussivu: 109
Lopetussivu: 152
Sivujen määrä: 44
ISBN: 978-1-78350-970-6
eISBN: 978-1-78350-992-8
ISSN: 1479-361X
DOI: https://doi.org/10.1108/S1479-361X20140000013005
Verkko-osoite: http://www.emeraldinsight.com/doi/full/10.1108/S1479-361X20140000013005
While there is an increasing understanding of the
challenges that can emerge in integration processes of cross-border
mergers and acquisitions, there is a scarcity of research on how the
different integrative activities should be temporally sequenced. Based
on an in-depth analysis of three acquisitions, we find that structural
and cultural integration are intertwined. We find that cultural
integration will begin only once structural integration is in progress.
Cultural differences can, however, impede structural integration if
structural integration is done in conflict with the existing culture of
the acquired company. Thus, structural integration should come first,
but it should be done in appreciation with the acquired company’s
existing culture. Cultural change is then facilitated in an iterative
manner over time by the new structure. Our chapter contributes to an
improved understanding of the temporal dynamics of integration by
demonstrating the mutually reinforcing effects of structural and
cultural integration in cross-border acquisitions.