Mergers & Acquisitions: The roles of cultural/relational fit and human integration in cultural/relational convergence and organizational commitment.
详细信息
文摘
Extensive Mergers and Acquisitions M&As) research exists on how financial constructs affect the performance of M&As. However,research is more limited when it comes to understanding how behavioral constructs affect M&As. Therefore,this study examines six behavioral constructs: cultural and relational fit,cultural and relational convergence,the human integration process,and organizational commitment. Cultural/relational fit and cultural/relational convergence were investigated before and after the consummation of three organizational acquisitions； and,of the 883 employees surveyed,601 completed the survey. The purpose of this study is to examine behavioral constructs and the role they play in the success of merging organizations. The results revealed that cultural convergence predicted cultural fit and the human integration process； the human integration process predicted cultural fit； organizational commitment predicted cultural convergence； relational convergence Communal Sharing [CS],Authority Ranking [AR],Equality Matching [EM],and Market Pricing [MP]) predicted relational fit CS,AR,EM,and MP)； and the human integration process post-acquisition partially mediated the relationship between cultural fit pre-acquisition and cultural convergence post-acquisition. However,the human integration process post-acquisition does not mediate the relationship between relational fit CS,AR,EM,and MP) pre-acquisition and relational convergence CS,AR,EM,and MP) post-acquisition. Also,relational fit CS,AR,EM and MP) did not show a significant effect on the human integration process； the human integration process did not show a significant effect on relational convergence AR,EM and MP)； and relational convergence CS,AR,EM,and MP) did not show a significant effect on organizational commitment. However,these findings support the notion that behavioral constructs matter when merging organizations.