Research on Cultural Integration of Chinese Enterprises' Overseas Mergers and Acquisitions -Take Haier Group's acquisition of General Electric as an example
Keywords:
Haier Group GE Cross-border, Merger and Acquisition, Culture IntegrationAbstract
In recent years, an increasing number of Chinese enterprises are gradually moving towards internationalization through cross-border mergers and acquisitions. However, the process of cross-border mergers and acquisitions is not smooth. Due to improper integration after mergers and acquisitions, especially cultural integration, many Chinese enterprises have failed in cross-border mergers and acquisitions. Taking Haier Group's acquisition of GE's household appliance business as an example, this paper deeply analyzes the differences in national and corporate cultural characteristics of Haier Group's acquisition of GE in different periods, hoping to provide experience and reference value for other multinational enterprises in China to carry out mergers and acquisitions.
References
DaojuanWang,Daniel S. Hain,JormaLarimo,Li T. Dao. Cultural differences and synergy realization in cross-border acquisitions[J]. International Business Review,2020.
Lan Yibo, 2018: Cultural integration and effects in cross-border mergers and acquisitions [D]. Zhejiang Gongshang University.
LakeshaButler,Aleda M.H. Chen,NancyBorja-Hart,SallyArif,Anastasia L. Armbruster,NatashaPetry, AngelaC.Riley. Assessment of a multi-institution integration of cultural competency activities[J]. Currents in Pharmacy Teaching and Learning,2020.
Ma Jingchen, 2018. Research on knowledge integration of Chinese enterprises after cross-border mergers and acquisitions [D]. xinjiang university of finance. [9] Su Qiong, 2018. A case study of corporate culture integration of ZX Real Estate Company acquired by ZH Real Estate Company [D]. Hainan University.
Sun Yue, 2019. Dual innovation evolution mechanism under the situation of M&A catch-up. Intellectual capital integration perspective [D]. Dalian University of Technology.
SPEED OF ADJUSTMENT TOWARD CAPITAL STRUCTURE IN CROSS BORDER AND CROSS INDUSTRYMERGERS AND ACQUISITIONS[J]. Journal of Business Economics and Finance,2019.
Torres,Jasso. Cross border acquisitions and mergers: learning processes of Mexican corporative groups[J].Innovation,2005,7(2-3).
Wang Duo, 2018. Research on corporate culture integration in mergers and acquisitions [D]. capital university of economics and business.
Xu Haibo, 2019. Research on the motivation and performance of Haier's cross-border M&A of general household appliances [D]. east china institute of technology.’
Yu Gaofeng, Whose English name is Leon, works in Zhengzhou Vocational College of Tourism, Henan Province, China. He is a college lecturer and dormitory administrator section chief. He graduated from Ningxia University in China and is currently studying for a Doctor of Business Administration at Jose Rizal University in the Philippines. His areas of interest and expertise are culture and management. e-Mail:332910260@qq.com
Zhang Junjie, 2020. Analysis of cross-border mergers and acquisitions of Chinese enterprises [J]. Business economy.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2022 International Association of Management and Human Resource Development
This work is licensed under a Creative Commons Attribution 4.0 International License.
This work is licensed under a Creative Commons Attribution 4.0 International License.
