DOI: 10.7256/2454-0730.2018.4.28058

Abstract: The subject of this research is the three cross-border mergers and acquisitions transactions: 2) acquisition of the Japanese company Sanyo Electric by the Chinese corporation Haier Group; 2) acquisition of the American business IBM PC by the Chinese company Lenovo Group; 3) acquisition of the Czech company Skoda by the German Volkswagen Group. The object of this research is the corporate culture and its role in prevention of sociocultural conflicts in terms of cross-border mergers and acquisitions transaction. The goal of this work consists in determining the resource potential of corporate culture aimed at prevention of sociocultural conflicts in the course of such transactions. The author carefully examines such aspects of the topic, as the success factors of cross-border acquisitions in situation of the high sociocultural distance, as well as how the corporate culture can assist in implementing successful integration of the national and corporate cultures of participating companies. Methodology is based on the case study approach, which reveals the various implementation of corporate culture for managing sociocultural conflicts and maximization of synergetic effects of cross-border cooperation. The author’s special contribution into the research of this topic lies in the profound consideration of sociocultural and management factors that define success of cross-border business transactions, as well as in determination of certain parameters of corporate culture and related instruments of corporate management that allow reducing the risk of conflict situations of sociocultural nature during cross-border acquisitions. The conducted analysis allows concluding that corporate culture provides the leaders of participating companies a wide range of measures for managing sociocultural conflicts and establishing favorable climate to ensure unity and well-coordinated work of the multinational team.

Keywords: leadership, sociocultural conflicts, corporate culture, organizational culture, cross-border acquisitions, transnational corporations, Mergers and acquisitions, intra-corporate communications, corporate environment, cross-cultural management

DOI: 10.7256/2454-0730.2017.2.22699

Abstract: When examining the policy of integration that ensures import substitution and increasing the competitiveness of Russian industry, one can see that the positive dynamics of the development of mergers and acquisitions processes is often accompanied by a negative dynamics of indicators of their effectiveness. This necessitates the development of an integrated approach to the formation of an assessment of integration deals to enhance the competitiveness of Russian industry. Methods for assessing the value of companies should be based on statistical approaches to business valuation, which will increase the validity of management decisions in the field of corporate integration. The presented article developed and tested the methodology of statistical estimation of business value in integration transactions of holding structures, which is based on the generalization of the results of profitable, cost and comparative methods, as well as the method of real options. The methodology provides a preliminary justification for the feasibility of mergers and acquisitions in the implementation of the integration policy, serves as a basis for a qualitative and reliable assessment of the synergistic effect.

Keywords: cost method, Profitable method, statistical analysis, mergers and acquisitions, business valuation, integration activity, integration, comparative method, real option method, Fishburn's weight