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| Author: | Coff, R.W. |
| Title: | Human capital, shared expertise, and the likelihood of impasse in corporate acquisitions |
| Journal: | Journal of Management
2002 : VOL. 28:1, p. 107-128 |
| Index terms: | HUMAN CAPITAL MERGERS |
| Freeterms: | IMPASSE |
| Language: | eng |
| Abstract: | Human capital often cannot be acquired in efficient labor markets due to poor information or firm-specific skills that develop over time. Since such knowledge may be critical to firms building a strategic capability, it is not surprising that many acquisitions occur in human capital-intensive industries. Impasse is more likely for targets in human capital-intensive industries. This study explores whether a shared expertise mitigates these hazards. |
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