The Impact of Cultural Differences on Financial Quality in Cross-border Mergers and Acquisitions: A Case Study of SAIC Motor and Ssangyong Motor

• 영문명: The Impact of Cultural Differences on Financial Quality in Cross-border Mergers and Acquisitions: A Case Study of SAIC Motor and Ssangyong Motor
• 발행기관: 한중경제문화학회
• 저자명: Jin, Zheng Ren, Yanyan Li, Guangyuan
• 간행물 정보: 『한중경제문화연구』제6권, 197~209쪽, 전체 13쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2016.02.29

영문 초록

This study discusses several issues which are very important in worldwide mergers and acquisitions, such as cultural differences, culture clashes, operating results and financial quality. A case of SAIC Motor's acquisition of Ssangyong Motor is examined. For this study, 20 financial ratios are used to calculate the financial quality of SAIC in the post-acquisition integration. The result shows that cultural differences possibly have a negative effect on post-acquisition integration and cultural clashes are the root cause of the financial quality plummet. The suggestions are also provided that top managers should pay much more attention to the negative effects of cultural clashes and strengthen cultural integration.

목차

Ⅰ. Introduction

Ⅱ. Research Approach

Ⅲ. Case Study

Ⅳ. Conclusions

키워드

Cross-border Mergers and Acquisitions Cultural Differences Financial Quality Post-Acquisition Integration