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Figure 1From “Acculturation needs social controls, not integration speed”

Three outcomes, three evidence paths

The meta-analysis separates sociocultural integration, accounting-based synergy, and shareholder value. Confidence intervals crossing zero highlight that financial performance does not guarantee cultural collaboration.

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Figure 1Three outcomes, three evidence paths

A dot-and-range chart showing meta-analytic mean correlations and 95% confidence intervals from Stahl and Voigt (2008): sociocultural integration (r = -0.06, CI [-0.12, 0.00]), accounting-based synergy (r = 0.01, CI [-0.05, 0.07]), and shareholder value (r = 0.02, CI [-0.04, 0.08]).-0.15 r-0.10 r-0.05 r-0.00 r0.05 r0.10 r0.15 rSociocultural integration-0.06 rAccounting-based synergy0.01 rTarget/bidder shareholder value0.02 r

Source: Author's synthesis of meta-analytic correlations from Stahl and Voigt (2008), 46 M&A studies (n = 10,710). Points show sample-weighted mean correlation r; bands show estimated 95% confidence intervals. The chart keeps outcome domain boundaries explicit.

PNG4:3, 1600 × 1200, with the title, the source line and the attribution set in the image isoglu-2026-acculturation-needs-social-controls-fig01.png

From the essay

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APA 7

Isoglu, S. (2026). Three outcomes, three evidence paths [Figure]. isoglu.com. https://isoglu.com/insights/exhibits/isoglu-2026-acculturation-needs-social-controls-fig01/

BibTeX
@misc{isoglu-2026-acculturation-needs-social-controls-fig01,
  author = {Isoglu, Sinan},
  title = {{Three outcomes, three evidence paths}},
  year = {2026},
  howpublished = {Figure 1, isoglu.com},
  url = {https://isoglu.com/insights/exhibits/isoglu-2026-acculturation-needs-social-controls-fig01/},
  note = {From the essay {Acculturation needs social controls, not integration speed}}
}
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<figure>
  <a href="https://isoglu.com/insights/exhibits/isoglu-2026-acculturation-needs-social-controls-fig01/">
    <img src="https://isoglu.com/social/isoglu-2026-acculturation-needs-social-controls-fig01.png" alt="Figure 1: Three outcomes, three evidence paths" width="3200" height="2400">
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  <figcaption>Figure 1: Three outcomes, three evidence paths. Source: Author&#39;s synthesis of meta-analytic correlations from Stahl and Voigt (2008), 46 M&amp;A studies (n = 10,710). Points show sample-weighted mean correlation r; bands show estimated 95% confidence intervals. The chart keeps outcome domain boundaries explicit. <a href="https://isoglu.com/insights/exhibits/isoglu-2026-acculturation-needs-social-controls-fig01/">View exhibit</a>.</figcaption>
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