Resource Redeployment Following Horizontal Mergers and Acquisitions in Europe and the United States, 1988-1992

L. Capron, P. Dussauge and W. Mitchell

INSEAD from INSEAD, Centre for the Management of Environmental Resources. The European Institute of Business Administration.

Abstract: This paper studies redeployment of resources between target and acquiring businesses following horizontal acquisitions. The analysis draws from perspectives that emphasize the strategic importance of resources that are subject to market failure. We define a five-part typology of R&D, manufacturing, marketing, managerial, and financial resources. We show that targets and acquirers frequently redeploy resources following horizontal acquisitions, especially resources that frequently face market failure.

Keywords: ACQUISITIONS; MERGERS (search for similar items in EconPapers)
JEL-codes: G34 (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:fth:insead:97/68

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