The influence of mergers on firms' product-mix strategies
The influence of mergers on firms' product-mix strategies
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DOI:
10.1002/smj.410
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发表时间:
2004-06-01
影响因子:
8.3
通讯作者:
Krishnan, H
中科院分区:
文献类型:
--
作者:
Krishnan, RA;Joshi, S;Krishnan, H
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.