search query: @author Eschen, E. / total: 2
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| Author: | Eschen, E. Bresser, R.K.F. |
| Title: | Closing resource gaps: toward a resource-based theory of advantageous mergers and acquisitions |
| Journal: | European management review
2005 : WINTER, VOL. 2:3, p. 167-178 |
| Index terms: | mergers models theories |
| Language: | eng |
| Abstract: | This paper applies resource-based theory to explain the success or failure of resource-driven merger and acquisition (M&As) decisions. A 2-step model identifies prerequisite conditions for deriving competitive advantage and superiour financial results from M&As designed to acquire new resources. If strategically valuable and co-specialized resources of the acquiring and the acquired firms are combined, the shareholders of both the target and the acquirer can expect to appropriate rents. |
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