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从已有成果来看,从文化角度研究并购的文献还不多见。在实务界,企业存在盲目扩张并购的现象,却忽视了文化差异度的审查和文化的整合。基于上述问题,本文在国内首次提出FSV企业文化三层次理论,在马斯洛需求层次论的基础上,将文化分为财务指标层次、战略层次和价值观层次。其中,财务指标层次文化为企业的表层文化,战略层次文化伴随战略目标实现而成长和丰富,使企业呈现多元化文化格局,价值观层次文化为企业的最核心文化,通过对多元化企业文化的治理,树立统一的整体价值观。最后,建议收购方在并购前应强化文化审查,在事前选择出合适的目标公司,减少文化差异度,提高并购绩效。
From the existing results, the literature on M & A from a cultural perspective is rare. In practice, there is a blind expansion of mergers and acquisitions of enterprises, but ignored the cultural differences in the review and cultural integration. Based on the above problems, this paper first presents the three-level theory of FSV enterprise culture in China. Based on Maslow’s hierarchy of needs, this paper divides culture into financial indicators, strategic levels and values. Among them, the financial indicators of the level of culture for the enterprise’s surface culture, strategic level with the strategic goal of achieving the growth and enrichment of the enterprise so that diversified cultural patterns, the value of the hierarchy of culture as the core business of the enterprise through the diversification of corporate culture governance , Establish a unified overall values. Finally, it is suggested that the acquirer should strengthen the cultural examination before the merger, select the appropriate target company in advance, reduce the cultural difference and improve the performance of M & A.