ABSTRACT
This chapter discusses meta-study that implies advances have been made along several paths; there is need for more research. A prior meta-analysis found the impact of cultural distance in merger and acquisition research was inconclusive, an examination including more studies finds a negative correlation between cultural distance and short-term stock market performance. As a result, including acquirer research and development in research models is important for acquisitions involving technology resources. The logic for the variables influence on acquisition performance is developed, but interest in method of payment relates to expectations managers use the most beneficial form of payment. Although conceptualizations vary, in general, culture is regarded as often unarticulated, views and norms about how things should be, and significant differences can create unanticipated problems during acquisition integration. Experience relates to international acquisitions or target country experience, and cross-border acquisitions are affected by similarities between acquisition events.
