WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 16, 2019
Organizational Culture and Employee Performance: An Analysis of a Post-Acquisition
Authors: Kusni Ingsih, Sih Darmi Astuti, Ana Kadarningsih
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.
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Keywords: organizational culture, compensation, job satisfaction, employee performance, acquisition
Pages: 185-194
WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 16, 2019, Art. #22