CULTURAL DUE DILIGENCE IN M&A. IMPORTANCE OF SOFT RISKS FACTORS

Authors

  • Iulian Warter Center for Socio-Economic Studies and Multiculturalism, Iasi, Romania,
  • Liviu Warter Center for Socio-Economic Studies and Multiculturalism, Iasi, Romania,

DOI:

https://doi.org/10.26458/1724

Keywords:

mergers and acquisitions (M&As), cultural due diligence, national culture, organizational culture, professional culture

Abstract

During the last decades, the corporate world has witnessed a significant rise in the number of cross border mergers and acquisitions (M&As).In cross border M&As, not only different corporate cultures collide, but also different professional and national cultures.The purpose of Cultural Due Diligence (CDD) is to get a coherent image of the intercultural challenges of the M&A in order to be aware of the intercultural risks and opportunities.This article aims to reveal the perception of managers involved in the pre-M&A stage on the soft risks factors that need to be investigated during CDD.This study proposes an appraisal of the most important intercultural issues that need to be considered in M&A.Our contribution to the intercultural aspects of M&A literature consists in improving the current understanding of Cultural Due Diligence content.

Author Biography

Liviu Warter, Center for Socio-Economic Studies and Multiculturalism, Iasi, Romania,

CULTURAL DUE DILIGENCEMergers and acquisitions. SOFT RISKS 

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Published

2017-06-30

How to Cite

Warter, I., & Warter, L. (2017). CULTURAL DUE DILIGENCE IN M&A. IMPORTANCE OF SOFT RISKS FACTORS. Annals of Spiru Haret University. Economic Series, 17(2), 38–62. https://doi.org/10.26458/1724

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