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Evaluating The Effects Of Organizational Culture On Post-Merger Integration, John M. Rose
Evaluating The Effects Of Organizational Culture On Post-Merger Integration, John M. Rose
Theses and Dissertations
This doctoral research project examines the impact of organizational culture on post-merger integration in the travel and travel services industry for acquisitions valued under $5B. The study uses a mixed-method research approach to determine whether culture plays a critical role in the success or failure of M&A deals. The research focuses on 50 M&A transactions that occurred between three and five years ago at the time of the study. Participants from both sides of the transactions completed an integration outcomes survey, reporting on financial, cultural, and overall success. In addition, each side had five participants who completed the Organizational Cultural …
Effects Of Corporate Cultural Distance On Private Company M&A Outcomes, Court Carruthers
Effects Of Corporate Cultural Distance On Private Company M&A Outcomes, Court Carruthers
Theses and Dissertations
Despite nearly $5 trillion of annual global merger and acquisition (M&A) activity, the degree of shareholder value created by M&A remains a topic of debate. The historical view is that M&A does not increase value for acquiring firms, however recent public company financial research suggests that returns are highly variable, rather than uniformly negative. Cultural differences between acquiring and acquired companies, or corporate cultural distance (CCD), are noted as a potential cause of this variability, however, public company findings remain inconclusive. Although private equity (PE) is responsible for approximately 20% of annual M&A transaction value, nearly all prior research is …