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Title: Acculturation and identity in cross-border acquisitions : three cases of acquired companies
Author: Zoueva , Anna
Awarding Body: University of Manchester
Current Institution: University of Manchester
Date of Award: 2005
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I examine cross-border acquisitions and investigate how acquired company members form their attitudes towards acquirer's culture. The role of culture in post-acquisition integration is examined in the literature from various perspectives. Some focus on objective cultural distances, others on perceived cultural differences, others on management of cultural integration. Social identity perspective has also been used to examine post-acquisition integration, albeit not cultural integration. However, no academic consensus exists in the area, as perspectives rarely overlap. The goal of this project is to present an integration of the four perspectives listed above. The underlying motivation is to gain a deeper understanding of factors behind cultural perceptions in post-acquisition integration. In data collection and analysis, I adopt an interpretivist methodological position. I conducted 64 interviews with employees and managers in three UK companies that had recently been acquired by foreign companies. The data was analysed with the help of QSR N6 qualitative data analysis software. Formation of attitudes towards acquirer's culture emerges as a complex and dynamic process. The analysis shows that all four factors - objective cultural differences, subjective cultural perceptions, management of cultural integration, and identity processes _ play a role in forming respondent's attitudes towards acquirer's culture. Most importantly, all four factors are interlinked, so that simultaneous consideration of all four results in a more complete picture of how attitudes towards acquirer's culture are formed. This study contributes to the M&A cultural theory by integrating the four theoretical approaches to culture in M&A which until now have been largely separate. This research develops a well-defined concept of cultural identity. This results in clarification of the links between the concepts of culture and identity. I also introduce Identity Theory to M&A cultural research. Lastly, the study enunciates recommendations for conducting pre-acquisition due diligence and managing the post-acquisition cultural integration process.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available