Culture Differences and M&A Performance: A Literature Review

Sammanfattning: Context: Previous studies have tried to find out the role of national culture in context of cross-border M&A and further tested the relationship with performance. However, the results seem to be inconclusive.   Purpose: We will do a literature review based on peer reviewed articles regarding how national culture relates to the performance of cross-border M&A.   Methodology: Literature review is based on various journals, academic articles, books through electronic databases and library.   Discussion: We argue that this is a complex subject where current methods cannot measure this relationship accurately. We also see different levels of cultures that should be included in the analysis   Conclusion: National culture could enhance performance but not necessarily as other researchers have implicated. Future research needs more grounded theory based on these assumptions before they go any deeper into this area.   Keywords: National culture, Culture distance, Merger and Acquisition, Performance, Cross border, Literature review,