본문 바로가기
KERD
논문KCI 등재

Change in Perceived Organization Culture and Employee M&A Satisfaction in South Korea: A Psychological Perspective

0

조회

0

다운로드

0

인용

0

참고문헌

키워드

주제분류경영학

초록

This study draws on the suitable post-merger integration strategies by analyzing survey responses from employees working for acquired companies. We showed the direct effect of the control-driven aspects of organizational culture on employee satisfaction as well as the mediating effect of the psychological capital between the task-driven aspects of the organizational culture and employee satisfaction. We found empirical support for the notion that psychological capital can play a significant role in employee M&A satisfaction after acquisition. Our study also showed, paradoxically, that employees were satisfied with the change in the structural dimension because employees preferred a less hierarchical or less formal structure. This study enhances our understanding of the perceptions and effects of change in the organizational culture during M&A.

Abstract

This study draws on the suitable post-merger integration strategies by analyzing survey responses from employees working for acquired companies. We showed the direct effect of the control-driven aspects of organizational culture on employee satisfaction as well as the mediating effect of the psychological capital between the task-driven aspects of the organizational culture and employee satisfaction. We found empirical support for the notion that psychological capital can play a significant role in employee M&A satisfaction after acquisition. Our study also showed, paradoxically, that employees were satisfied with the change in the structural dimension because employees preferred a less hierarchical or less formal structure. This study enhances our understanding of the perceptions and effects of change in the organizational culture during M&A.

참고문헌 (55)

  1. Aarons, G. A., "Organizational Climate Partially Mediates The Effect Of Culture On Work Attitudes And Staff Turnover In Mental Health Services", Administration and Policy in Mental Health and Mental Health Services Research, 33(3), pp.289~301 (2006)
  2. Ashkenasy, N. M., "Organizational Measures Or Organizational Culture, In Handbook of Organizational Culture and Climate" (2000), Sage Publications
  3. Berry, J. W., "Acculturation: A Comparative Analysis of Alternative Forms, In Perspectives in Immigrant and Minority Education" (1983), University Press of America
  4. Bijlsma-Frankema, K., "On Managing Cultural Integration And Cultural Change Processes In Mergers And Acquisitions", Journal of European Industrial Training, 25(2-4), pp.195~207 (2001)
  5. Birkinshaw, J., "Managing The Post-Acquisition Integration Process: How The Human Integration And Task Integration Processes Interact To Foster Value Creation", Journal of Management Studies, 37(3), pp.395~425 (2000)
  6. Covin, T. J., "Leadership Style and Post Merger Satisfaction", Journal of Management Development, 16(1), pp.22~33 (1997)
  7. Cartwright, S., "The Role Of The Culture Compatibility In Successful Organizational Marriage", Academy of Management Executive, 7(2), pp.57~70 (1993)
  8. Cartwright, S., "The Psychological Impact Of Merger And Acquisition On The Individual: A Study Of Building Society Managers", Human Relations, 46(3), pp.327~348 (1993)
  9. Chen, G., "Organizational Values And Procedures As Antecedents For Goal Interdependence And Collaborative Effectiveness", Asia Pacific Journal of Management, 25, pp.93~11 (2008)
  10. Chimhanzi, J., "Explainations From The Marketing", Human Resources Dyad For Marketing Strategy Implementation Effectiveness In Service Firms, 2005, pp.58, 787~796
  11. Clark, A., "Towards a Cognitive Robotics", Adaptive Behavior, 7, pp.5~16 (1999)
  12. Colvin, A., "The Problem Of Action And Interest Alignment: Beyond Job Requirements And Incentive Compensation", Human Resource Management Review, 17, pp.38~51 (2007)
  13. Darr, A., "Control And Autonomy Among Workers In Sales: An Employee Perspective", Employee Relations, 25, pp.31~42 (2003)
  14. Dackert, I., "‘Eliciting and Analysing Employees’ Expectations of Merger", Human Relations, 56(6), pp.705~725 (2003)
  15. Davis, R. L., "Compatibility in Corporate Marriages", Harvard Business Review, 46(4), pp.86~93 (1968)
  16. Deci, E., "INtrinsic Motivation And Self Determination In Human Behavior" (1985), Plenum
  17. Deci, E., "The What And Why Of Goal Pursuits: Human Needs And The Self-Determination Of Behavior", Psychological Inquiry, 11(4), pp.227~268 (2000)
  18. Froese, F. J., "Managing the Human Side of Cross-border Acquisitions in South Korea", Journal of World Business, 43, pp.97~108 (2008)
  19. Gilkey, R., "The Psychodynamics of Upheaval: Intervening in Merger and Acquisition Transitions, In Organizations on the Couch" (1991), Jossey-Bass
  20. Grush, R., "Yet another Design for a Brain? Review of Port and van Gelder(Eds), Mind as motion", Philosophical Psychology, 10, pp.233~242 (1997)
  21. Hanakam, T., "Cultural Comparison Germany", Norway: the Effect of Uncertainty Avoidance in M, Mannheimer Beiträge zur Wirtschafts-und Organisations psychologie, pp.2004, 19(2)[DOI]
  22. Haspeslagh, P. C., "Managing Acquisitions: Creating Value through Corporate Renewal" (1991), Free Press
  23. Hofstede, G., "Measuring Organizational Cultures: A Qualitative And Quantitative Study Across Twenty Cases", Administrative Science Quarterly, 35(2), pp.286~316 (1990)
  24. Homburg, C., "Multi-Layer Model Of Market-Oriented Organizational Culture: Measurement Issues And Performance Outcomes", Journal of Marketing Research, 37(4), pp.449~462 (2000)
  25. Horwitz, F. M., "Due Diligence Neglected: Managing Human Resources And Organizational Culture In Mergers And Acquisitions", South African Journal of Business Management, 33(1), pp.1~10 (2002)
  26. Joseph, F. H., "Multivariate Data Analysis" (1998), Pretice Hall, INC
  27. Jöns, I., "Cultural Changes During The Integration Process Of Acquisitions: A Comparative Study Between German And German-Korean", International Journal of Intercultural Relations, 31(5), pp.591~604 (2007)
  28. Jarnagin, C., "Creating Corporate Cultures through Mythopoetic Leadership", Organizational Dynamics, 36(3), pp.288~302 (2007)
  29. Judge, T. A., "Applicant Personality, Organizational Culture, And Organization Attraction", Personal Psychology, 50(2), pp.359~392 (1997)
  30. Judge, T. A., "Dispositional Affect And Job Satisfaction: A Review And Theoretical Extension", Organizational Behavior and Human Decision Process, 86(1), pp.67~98 (2001)
  31. Locke, E. A., "The Nature And Causes Of Job Satisfaction, In Handbook Of Industrial And Organizational Psychology", pp.1297~1349 (1976), Rand McNally
  32. Luthans, F., "Emerging Positive Organizational Behavior", Journal of Management, 33(3), pp.321~349 (2007)
  33. Luthans, F., "Psychological Capital Development: toward a Micro-intervention", Journal of Organizational Behavior, 27, pp.387~393 (2006)
  34. Luthans, F., "Psychological Capital: Developing the Human Capital Edge" (2007), Oxpord University Press
  35. Marks, M., "Making Mergers And Acquisition Work: Strategic And Psychological Preparation", Academy of Management Executives, 15(2), pp.80~94 (2001)
  36. Mawhinney, T. C., "Effective Leadership in Superior-subordinate Dyads: Theory and Data", Journal of Organizational Behavior Management, 25(4), pp.37~72 (2005)
  37. Morrison, E. W., "Role Definitions And Organizational Citizenship Behavior: The Importance Of The Employee'S Perspective", Academy of Management Journal, (6), pp.1543~1567 (1994)
  38. Nahavandi, A., "Acculturation in Mergers and Acquisition", Academy of Management Review, 13(1), pp.79~90 (1988)
  39. Newman, J., "Changes in Employee Attitudes after an Acquisition", Group and Organization Management, 18(4), pp.390~410 (1993)
  40. Oberg, C., "Changing Network Pictures: Evidence from Merger and Acquisitions", Industrial Marketing Management, 36, pp.926~940 (2007)
  41. O’Reilly, C. A., "People And Organizational Culture: A Profile Comparison Approach To Assessing Person-Organization Fit", Academy of Management Journal, 34(3), pp.487~516 (1991)
  42. Ryan, R. M., "Self-Determination Theory And The Facilitation Of Intrinsic Motivation, Social Development, And Well-Being", American Psychologist, 55, pp.68~78 (2001)
  43. Schweizer, L., "Organizational Integration Of Acquired Biotechnology Companies Into Pharmaceutical Companies: The Need For A Hybrid Approach", Academy of Management Journal, 48(6), pp.1051~1074 (2005)
  44. Schweiger, D. M., "Executive Actions For Managing Human Resources Before And After Acquisition", Academy of Management Executive, 1(2), pp.127~138 (1987)
  45. Schweiger, D. M., "Communication With Employees Following A Merger: A Longitudinal Field Experiment", Academy of Management Journal, 24(1), pp.110~135 (1991)
  46. Sightler, K. W., "An Investigation Of Post-Acquisition Satisfaction With The Merger", Journal of Applied Behavioral Science, 32, pp.125~142 (1996)
  47. Shrivastava, P., "Is Strategic Management Ideological?", Journal of Management, 12, pp.363~377 (1986)
  48. Srite, M., "Effect of Individuals’ Psychological States On Their Satisfaction With The Gss Process", Information & Management, 44(6), pp.535~546 (2007)
  49. Thogersen, J., "Social Norms And Cooperation In Real-Life Social Dilemmas", Journal of Economic Psychology, 29, pp.458~472 (2008)
  50. Walton, E. J., "The Comparison Of Measures Of Organization Structure", Academy Of Management Review, 6(1), pp.155~160 (1981)
  51. Weber. Y., "National And Corporate Cultural Fit In Mergers", Acquisitions: An Exploratory Study, 1996, pp.42(8), 1215~1227
  52. Wei, L., "‘The Role Of Corporate Culture In The Process Of Strategic Human Resource Management: Evidence From Chinese Enterprises", Human Resource Management, 47(4), pp.777~794 (2008)
  53. Wilson, M., "Six Views of Embodied Cognition", Psychonomic Bulletin & Review, 9(4), pp.625~636 (2002)
  54. Wicks, D., "Organizational Structures As Recursively Constructed Systems Of Agency And Constraint: Compliance And Resistance In The Context Of Structural Conditions", Canadian Review of Sociology & Anthropology, 35(3), pp.369~390 (1998)
  55. Yu, J., "The Integration Journey: An Attention-Based View Of The Merger And Acquisition Integration Process", Organization Studies, 26(10), pp.1501~1528 (2005)

관련 논문AI추천

이 간행물의 다른 논문 (11건)