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

IF 1.5 Q3 MANAGEMENT

Organizacija Pub Date : 2021-02-01 DOI:10.2478/orga-2021-0002

Renato Lopes da Costa, João Miguel, Á. Dias, L. Pereira, José Santos

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引用次数: 0

Abstract

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.

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探讨文化、管理和组织对并购结果的影响

摘要背景/目的:本研究的重点是影响并购结果的变量，通过从过去的错误中吸取教训，采取更好的战略，做出更明智的决策，以提高其并购的结果。本研究采用定性方法，通过多视角的综合方法探索文化、管理和组织因素维度，为现有的并购绩效知识做出贡献。研究方法:对并购多个领域经验丰富的专业人士进行了15次访谈。采用内容分析对结果进行解释。这样可以从稍微不同的角度比较对同一问题的看法，从而获得更完整的答案和潜在的解决方案。结果:结果显示，企业并购存在管理傲慢、情感依恋和过度乐观。受访者相对支持将并购交易流程标准化，但建议保持一定的创造力和灵活性。结语:本文总结了并购绩效的关键问题:能力和经验;组织沟通;内部协调;以及决策的关键问题。

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来源期刊

Organizacija MANAGEMENT-

CiteScore

3.50

自引率

15.80%

发文量

审稿时长

16 weeks

期刊介绍： Organizacija (Journal of Management, Information Systems and Human Resources) is an interdisciplinary peer reviewed journal that seeks both theoretical and practical papers devoted to managerial aspects of the subject matter indicated in the title. In particular the journal focuses on papers which cover state-of art developments in the subject area of the journal, its implementation and use in the organizational practice. Organizacija is covered by numerous Abstracting & Indexing services, including SCOPUS.