Skip to content

Learning through acquisitions

by Freek Vermeulen, Harry Barkema
Academy of Management Journal ()
Get full text at journal


Research on acquisitions has typically focused on acquisitions per se, examining issues such as performance and implementation problems. This study moves beyond that perspective and studies the influence on a firm's later expansions. The authors argue that exploitation of a firm's knowledge base through 'greenfields' eventually makes a firm simple and inert. In contrast, acquisitions may broaden a firm's knowledge base and decrease inertia, enhancing the viability of its later ventures. Over time, firms strike a balance between the use of greenfields and acquisitions. Various implications of this theory--tested with survival analysis and 'logit' models--were strongly corroborated. [ABSTRACT FROM AUTHOR] Copyright of Academy of Management Journal is the property of Academy of Management and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Cite this document (BETA)

Readership Statistics

312 Readers on Mendeley
by Discipline
81% Business, Management and Accounting
9% Economics, Econometrics and Finance
4% Social Sciences
by Academic Status
33% Student > Ph. D. Student
25% Student > Master
10% Student > Doctoral Student
by Country
2% Brazil
2% United States
2% Germany

Sign up today - FREE

Mendeley saves you time finding and organizing research. Learn more

  • All your research in one place
  • Add and import papers easily
  • Access it anywhere, anytime

Start using Mendeley in seconds!

Sign up & Download

Already have an account? Sign in