Culture or Culture of Participation: A Success Factor by International Mergers and Acquisitions?

Abstract

Diverse studies try to identify the influencing factors of success and failure for international Mergers and Acquisitions (M&A). In this context, especially the role of participation and culture is being discussed controversially. The following article tries to shed some light on the debate, based on a quantitative research conducted in Bulgaria and Romania. In both countries organizational members were surveyed who were involved in an international M&A-process initiated by a German based multinational company. The results show that participation is understood and valued differently in both countries.