“…However, in the scientific literature, authors differ the differences in national culture because of ethnicity, religion, languages, gender, and age (see Table 1). (Desmet et al, 2017;Khan & Panarina, 2017;Pereira Sartori Falguera et al, 2021;Yang et al, 2019;Zhukov & Zhukova, 2016) (Webber et al, 2013) Religion (Abdulla, 2018;Díez-Esteban et al, 2019;Mättö & Niskanen, 2019;Osewska et al, 2022;Storm, 2013) Languages (Braslauskas, 2021;Kavakli, 2021;Kuo & Lai, 2006;Modebadze, 2013;Sari et al, 2020;Villegas-Torres & Mora-Pablo, 2018;Zhan, 2016) Gender (Ahn & Cunningham, 2017;Francoeur et al, 2012;Giuliano, 2020;Parham et al, 2015;Pereira Sartori Falguera et al, 2021) Age (Hofstede, 2012;Kummer et al, 2012;Ortiz-marcos, 2022;Perry & Parlamis, 2006) The literature reveals that 83 per cent of all mergers and acquisitions did not benefit shareholders, and over 50 per cent destroyed organizational values. Managing cultural differences is a consequence of crises between managers, employees, and managers from different countries of origin (Gjuraj, 2013).…”