组织文化预览对企业并购绩效的影响

The Effects of Organizational Culture Preview on M&A Performance

在Weber和Camerer实验范式的基础上,基于真实并购预览概念提出了组织文化并购预览,通过实验室模拟研究探索了组织文化预览对并购后绩效的影响。结果表明:(1)组织文化预览对提高并购后组织绩效有积极作用,其中双向组织文化预览对改善并购后的整体绩效以及主、并双方各自的绩效都有显著的积极作用,而单向组织文化预览未显示出显著的积极影响;(2)组织文化预览可能主要起效于并购后初期,在并购后短期内对整合组织文化有积极促进作用,利于并购后的快速整合。实验结果为组织文化预览在企业并购整合中的应用提供了理论依据和实证支持。

Based on realistic merger preview we proposed the concept organizational culture preview （OCP） to examine its positive effect on post-merger performance. One hundred and twenty graduate students participated in an ex- periment which was based on the paradigm of Weber and Camerer （2003） . They were randomly arranged to bi- lateral-OCP group, unilateral-OCP group, or none-OCP group. The results showed that： （1） OCP had positive ef- fect on the postmerger performance. To be specific, bilateral OCP significantly facilitated the p（）stmerger perfor- mance of both acquiring, acquired group and also the new group while unilateral OCP did not. （2） OCP took effects majorly on the early stage of postmerger. These results provide the practitioners with empirical support on the applying OCP tu M＆A integration.