Why do firms diversify into unrelated product markets? Internal labor markets allow firms to reallocate workers in response to industry shocks. They also strengthen workers’ incentives to invest in transferable, productivity-enhancing skills. Thus, the transferability of human capital can be a source of merger synergies. To test this hypothesis, we construct an index of human capital transferab...

With the development of digital economy and technological innovation, many companies transform their model to improve market competitiveness. Some choose achieve transformation through own exploration, but more adapt change large-scale mergers acquisitions technologically innovative companies, even cross-border acquisitions. want integrate high-quality resources at expense excessive acquisition...

In the library literature, a great deal of interest in patron-driven collection development has recently been expressed, especially in those programs that link acquisitions with interlibrary loan. However, the implementation of such programs has been limited, at least in part because of concerns over the potential for wasteful spending. The authors will attempt to address this common concern by...

IN ADMINISTERING the Bank Holding Company Act, the Federal Reserve Board weighs the public benefits from proposed acquisitions by bank holding companies (hereafter called BHCs) against possible adverse competitive effects.~BHCs are asked to discuss public benefits of proposed acquisitions in applications to acquire banks and noubanking firms. A public benefit commonly mentioned in applications ...

Academic libraries collaborate to enhance and expand library services. However, libraries may not pursue collaborative electronic resource acquisitions due to complexity and the lengthy negotiation process. Two University of Minnesota campus libraries conducted a year-long pilot project to investigate intentional and proactive cooperative e-resource acquisitions. This article discusses the key ...

This article examines how stakeholder orientation influences managers’ ability to learn from prior experience in corporate acquisitions. We argue that increased attention primary stakeholders’ signals affects both positively and negatively capacity analyze causal mechanisms past acquisitions, draw inferences them, apply these subsequent On the one hand, inputs may enhance interpret by giving vo...

Multinational firms pay relatively high wages. Less is known about the wage structure within multinational and non-multinational firms. We examine the impact of acquisitions on wage dispersion in Sweden using a large matched employer-employee data set. Foreign acquisitions of Swedish firms increase wage dispersion by increasing wages for high-skilled workers. The positive impact is concentrated...

In this paper, we study some of the conditions under which " superstitious learning " phenomena (Levitt and March, 1988) become problematic in organizations, and we identify a set of boundary conditions for these effects. In particular, we argue that the tacit accumulation of experience might exacerbate the problem, but that the heterogeneity in the stock of prior experience, as well as more de...

Common representation of the environment is usually depicted as a global or local map. To increase robustness of autonomous creation of such a representation, novel datasets are required. We introduce a system to record precise datasets targeting semi-structured environments which is most likely to be encountered in USAR situations. The global positioning, recorded with a theodolite, is precise...