Submitting Campus
Worldwide
Department
School of Engineering
Document Type
Article
Publication/Presentation Date
7-14-2021
Abstract/Description
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.
Publication Title
SN Business & Economics
Publisher
Springer Nature
Scholarly Commons Citation
Bebenroth, R., & Goehlich, R. A. (2021). Necessity to integrate operational business during M&A: the effect of employees’ vision and cultural openness. SN Business & Economics, 1(8), Article Number: 106. https://doi.org/10.1007/s43546-021-00109-x
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Business Administration, Management, and Operations Commons, Business and Corporate Communications Commons, International Business Commons
Additional Information
The authors gratefully acknowledge support from the AvH Foundation for meetings at Kobe University in 2018 and 2019.