Lyckade företagsförvärv: En studie på institutionella mekanismer vid integration av företagskulturer vid företagsförvärv utifrån institutionell teori och kognitiv dissonans teori
Independent thesis Advanced level (professional degree), 20 credits / 30 HE creditsStudent thesis
There is a growing interest in mergers and acquisitions (M&A) and the main reason for this is that companies want to create synergies. Many companies fail to make it and previous studies demonstrate the difficulties in integration. Lack of strategic fit and leadership has not given an explanation as to why companies fail integration. Human and cultural aspects have been shown to be relevant to study to achieve the integration.The study aims to increase understanding of the institutional mechanisms for the integration of corporate cultures in M&A. The study identifies factors for a successful integration in of corporate cultures in M&A. The study also identifies institutional mechanisms based on institutional theory and cognitive dissonance theory and then develops an analytical model that will provide an understanding of the integration process in corporate acquisitions. The study was conducted through in-depth interviews with 14 participants who have experienced M&A.Factors that the actors felt to be important for successful integration were: Knowledge of business cultures, integrating the cultures at an early stage and quickly, integration manager, quantitative and qualitative communication, set aside time for integration and learn from past M&A. The mechanisms that affect the integration process are: Companies values shape the social structures and create congruence. Companies imitate each other when two companies become one. Companies develop values through various activities that companies have towards achieving goals. Informal compelling force as profitability, skills and certifications affect the integration process. Lack of information, different organizational structures and ways of working creates cognitive dissonance that affect the integration process.
Place, publisher, year, edition, pages
2014. , 62 p.
Social Behaviour Law
Samhälls-, beteendevetenskap, juridik, Mergers and Acquisitions (M&A), post-merger Integration (PMI), cultural ﬁt, institutional theory, cognitive dissonance, successful integration
IdentifiersURN: urn:nbn:se:ltu:diva-55492Local ID: c5a20002-74ad-4a15-b97f-8075f2b6f98cOAI: oai:DiVA.org:ltu-55492DiVA: diva2:1028876
Subject / course
Student thesis, at least 30 credits
Business and Economics, master's level
Validerat; 20141009 (global_studentproject_submitter)2016-10-042016-10-04Bibliographically approved