WSEAS Transactions on Business and Economics

Print ISSN: 1109-9526
E-ISSN: 2224-2899

Volume 16, 2019

Notice: As of 2014 and for the forthcoming years, the publication frequency/periodicity of WSEAS Journals is adapted to the 'continuously updated' model. What this means is that instead of being separated into issues, new papers will be added on a continuous basis, allowing a more regular flow and shorter publication times. The papers will appear in reverse order, therefore the most recent one will be on top.

Volume 16, 2019

Organizational Culture and Employee Performance: An Analysis of a Post-Acquisition

AUTHORS: Kusni Ingsih, Sih Darmi Astuti, Ana Kadarningsih

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ABSTRACT: The Purpose of this study was to analyze how sugar firm such as PT. Gendhis Multi Manis in Blora (after 4 years of being established as a private firm) was acquired by the Indonesia Logistics Bureau (BULOG) in 2015. In fact, firms have been rarely in a relatively fast time (3 years post-acquisition) have been able to improve employee performance with quickly adaptable organizational culture. The population of this study was employees who still existed before and after the acquisition. The sample was 100 employees, which determined by applying proportional sampling technique. Data were analyzed using multiple linear regression. The results of the study found that there was no organizational culture difference both before and after the acquisition, but there were differences in terms of their performance. Organizational culture further has a stronger influence on employee performance before the acquisition. This is considered very reasonable because they are still in the stage of adjusting to the culture that has been running for 3 years.

KEYWORDS: organizational culture, compensation, job satisfaction, employee performance, acquisition


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WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 16, 2019, Art. #22, pp. 185-194

Copyright Β© 2018 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution License 4.0