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. We 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 tbe 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.

Cite this document (BETA)

Readership Statistics

264 Readers on Mendeley
by Discipline
by Academic Status
32% Ph.D. Student
26% Student (Master)
11% Doctoral Student
by Country
3% United States
2% Brazil
2% United Kingdom

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