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The influence of mergers on firms' product‐mix strategies

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  • Ranjani A. Krishnan
  • Satish Joshi
  • Hema Krishnan

Abstract

This study draws on 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 on resource redeployment. Analysis of data from the U.S. 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 © 2004 John Wiley & Sons, Ltd.

Suggested Citation

  • Ranjani A. Krishnan & Satish Joshi & Hema Krishnan, 2004. "The influence of mergers on firms' product‐mix strategies," Strategic Management Journal, Wiley Blackwell, vol. 25(6), pages 587-611, June.
    • Handle: RePEc:bla:stratm:v:25:y:2004:i:6:p:587-611
    DOI: 10.1002/smj.410
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    Cited by:

    1. Balakrishnan, Ramji & Huang, Jizhang & Xuan, Yang, 2023. "The influence of institutional pressure on target setting," Accounting, Organizations and Society, Elsevier, vol. 108(C).
    2. Fernanda Bravo & Marcus Braun & Vivek Farias & Retsef Levi & Christine Lynch & John Tumolo & Richard Whyte, 2021. "Optimization-driven framework to understand health care network costs and resource allocation," Health Care Management Science, Springer, vol. 24(3), pages 640-660, September.
    3. Sriubaite, Ieva, 2021. "Who will be the mediator? Local politics and hospital closures in Germany," Ruhr Economic Papers 897, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    4. Julia Bodner & Laurence Capron, 2018. "Post-merger integration," Journal of Organization Design, Springer;Organizational Design Community, vol. 7(1), pages 1-20, December.
    5. Pilny, Adam, 2014. "Mergers and Acquisitions in the German Hospital Market – Who are the Targets?," Ruhr Economic Papers 518, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    6. Lihua Wang & Xin Luo, 2021. "Understanding the Interplay Between Government Microblogs and Citizen Engagement: Evidence from China," Electronic Commerce Research, Springer, vol. 21(2), pages 487-520, June.
    7. Augurzky, Boris & Engel, Dirk & Schwierz, Christoph, 2006. "Who gets the Credit? Determinants of the Probability of Default in the German Hospital Sector," RWI Discussion Papers 54, RWI - Leibniz-Institut für Wirtschaftsforschung.
    8. Bang-Ning Hwang & Chi-Yo Huang & Chih-Hsiung Wu, 2016. "A TOE Approach to Establish a Green Supply Chain Adoption Decision Model in the Semiconductor Industry," Sustainability, MDPI, vol. 8(2), pages 1-30, February.
    9. João Carvalho Santos & Manuel Portugal Ferreira & Nuno Rosa Reis & Martinho Ribeiro Almeida, 2012. "Mergers & acquisitions research: A bibliometric study of top strategy and international business journals," Working Papers 91, globADVANTAGE, Polytechnic Institute of Leiria.
    10. Bill Francis & Iftekhar Hasan & Liuling Liu & Haizhi Wang, 2019. "Employee Treatment and Contracting with Bank Lenders: An Instrumental Approach for Stakeholder Management," Journal of Business Ethics, Springer, vol. 158(4), pages 1029-1046, September.

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