Research on Selection of Cultural Integration Mode of Cross-Border M&A for Chinese Enterprises-An Perspective on Corporate Culture Integration

Taking into account the particularity and difficulty of cross-border mergers and acquisitions for Chinese enterprises, this paper constructs a multi-stage and three-dimensional selection model that use the degree of both parties' willingness to absorb each other's culture as the X, Y axis, and the stage of M&As cultural integration as Z axis based on the perspective of corporate culture integration. We suggest the selection of culture integration mode must be based on recognition and respect of differences between mutual corporate cultures, and we adopt a dynamic and progressive selection mode generally, it could be implemented progressively along a path as following: Introducing and Leaming(introduce and learn the dominant culture component of target firms)-> Integration(mutual assimilation, integration of mutual dominant cultural elements) -> Innovation (form a new common corporate culture system).