Managing the human side of cross-border acquisitions in South Korea
Managing the human side of cross-border acquisitions in South Korea
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DOI:
10.1016/j.jwb.2007.10.002
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发表时间:
2008-01-01
影响因子:
8.9
通讯作者:
Chong, Li Choy
中科院分区:
文献类型:
--
作者:
Froese, Fabian Jintae;Pak, Yong Suhk;Chong, Li Choy
Since the Asian financial crisis of 1997 - 1998, Korea has experienced a dramatic influx of foreign capital directed toward ailing Korean firms. This study shows how three Western companies integrated the human resources and organizational cultures of their Korean target firms and how Korean employees responded to the implemented changes. Data revealed that changes in human resource management and organizational culture were not only tolerated but even appreciated by the employees of Korean target firms. However, organizational culture changes encouraging more individualism and contradicting Confucian values were negatively perceived. The paper concludes with a discussion of the study's practical implications and limitations. (c) 2007 Elsevier Inc. All rights reserved.