Culture clashes in cross-border mergers and acquisitions: A case study of Sweden's Volvo and South Korea's Samsung

Autor:	Sung-Jun Lee, Byung Il Park, Joongwha Kim
Rok vydání:	2015
Předmět:	Marketing Cultural diversity Mergers and acquisitions Heavy industry Business Business and International Management Economic system Social constructivism Finance
Zdroj:	International Business Review. 24:580-593
ISSN:	0969-5931
DOI:	10.1016/j.ibusrev.2014.10.016
Popis:	This study investigates the way in which employees from acquiring and acquired firms experience cultural differences during post-acquisition integration. We examined Volvo Construction Equipment's acquisition of Samsung Heavy Industry's division of construction equipment. Two ontologically bipolar conceptualizations of culture – the classic and social constructivist concept of culture – are discussed. Semi-structured interviews were conducted at Volvo Construction Equipment Korea twice over an 11-year interval, in 2001 and 2012, respectively. The results suggest that while the classic concept of culture correctly predicts what kinds of culture-dependent problems may occur during post-acquisition integration, the social constructivist concept of culture can better predict whether or not these problems may occur.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::db110bd90381cd18dadf51bf00009e24 https://doi.org/10.1016/j.ibusrev.2014.10.016 Zobrazit plný text záznamu Full Text from ScienceDirect