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Strategies for M&As: when is acquisition the right mode to grow?

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  • Laurence Capron

Abstract

This paper examines the conditions under which an acquisition makes sense compared with alternative modes of resource-sourcing such as internal development, licensing and alliances. Drawing on the transaction costs economics and capability views, it presents governance and knowledge reasons for choosing an acquisition over alternative modes of sourcing. While firms may have preferences for using M&A over alternatives, it is important to review and balance carefully the different resource-sourcing modes.

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  • Laurence Capron, 2016. "Strategies for M&As: when is acquisition the right mode to grow?," Accounting and Business Research, Taylor & Francis Journals, vol. 46(5), pages 453-462, August.
    • Handle: RePEc:taf:acctbr:v:46:y:2016:i:5:p:453-462
    DOI: 10.1080/00014788.2016.1182705
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    Cited by:

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    2. Nghona, Xolani, 2021. "From one dominant growth mode to another : Switching between strategic expansion modes," Other publications TiSEM 8331633d-0e6f-4cc8-8b22-a, Tilburg University, School of Economics and Management.

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