The influence of mergers on firms' product-mix strategies
成果类型：
Article
署名作者：
Krishnan, RA; Joshi, S; Krishnan, H
署名单位：
Michigan State University; Michigan State University's Broad College of Business; Michigan State University; University System of Ohio; Xavier University
刊物名称：
STRATEGIC MANAGEMENT JOURNAL
ISSN/ISSBN：
0143-2095
DOI：
10.1002/smj.410
发表日期：
2004
页码：
587-611
关键词：
摘要：
This study draws oil the institutional and resource-based theories of the firm and examines whether multi-product firms use mergers as a strategic tool to reconfigure their product-mix toward high-profit products. We propose that mergers facilitate product-mix reconfiguration by relaxing institutional and organizational constraints oil resource redeployment. Analysis of data from the US. hospital industry reveals that, relative to non-merging hospitals, merging hospitals increased their presence in profitable, insured services but did not shift away from low-profit services used by the uninsured. Copyright (C) 2004 John Wiley Sons, Ltd.