Frederick L. Bereskin is Assistant Professor of Finance at the University of Delaware Alfred Lerner College of Business & Economics. This post is based on a recent article, forthcoming in the Journal of Financial and Quantitative Analysis, authored by Professor Bereskin; Seong K. Byun, Assistant Professor of Finance at the University of Mississippi; Micah S. Officer, Professor of Finance at the Loyola Marymount University College of Business Administration; and Jong-Min Oh, Assistant Professor of Finance at University of Central Florida College of Business.
A critical determinant of merger success is post-merger integration. In our forthcoming Journal of Financial and Quantitative Analysis article The Effect of Cultural Similarity on Mergers and Acquisitions: Evidence from Corporate Responsibility, we provide an examination of the role of similarity in merging firms’ corporate cultures on merger outcomes. Specifically, we study whether firms with greater cultural similarity are more likely to merge, and whether mergers of culturally similar firms are associated with better outcomes for the firms’ shareholders.
