The impact of culture on international M&As
U.S. mid-market corporate executives and merger professionals are looking to aggressively target cross-border acquisitions in the next 12 months, according to a survey by ACG (Association for Corporate Growth), Grant Thornton LLP, and Eureka Private Equity.
The survey found that nearly three-quarters (72%) of respondents have been involved in cross-border M&A, and, almost as many, 70% anticipate doing at least one cross-border deal in the next 12 months.
Interestingly the survey identified cultural issues as being one of the biggest barriers to cross-border M&As:
* Legal environment/dispute resolution inadequate (37%)
* Protection around intellectual property (36%)
* Cultural issues (35%)
* Regulatory environment not conducive in many countries (34%)
* Ability to do due diligence (24%)
Daniel A. Varroney, ACG President & CEO commented that M&As are ..” becoming easier than ever due to fast and efficient communications, greater cultural understanding, and regulatory changes, coupled with a never-ending drive for greater efficiency and profitability through expansion into new markets.”
Read more: M&As
Related posts:
- The Impact of Culture on Customer ServiceA new study shows that where a customer comes from...
- Corporate support for the Third Culture Kid (TCK)The good news is that organisations can provide services that...
- Culture and International Business Let’s begin with a joke.The United Nations sent out...
- Cultural Awareness Training Crucial for International Working As the credit crunch continues to bite with vengeance,...
- The impact of expats in 2008Companies are aware that knowledge workers are key to the...