Journal title ECONOMIA E DIRITTO DEL TERZIARIO
Author/s Lara Penco, Giorgia Profumo
Publishing Year 2016 Issue 2016/2 Language Italian
Pages 28 P. 237-264 File size 528 KB
DOI is like a bar code for intellectual property: to have more infomation click here
Below, you can see the article first page
If you want to buy this article in PDF format, you can do it, following the instructions to buy download credits
FrancoAngeli is member of Publishers International Linking Association, Inc (PILA), a not-for-profit association which run the CrossRef service enabling links to and from online scholarly content.
The present paper tries to advance knowledge on the antecedents of firms’ strategy implementation, focusing on mergers and acquisitions (M&As) and alliances as potential alternative choices for managers. More specifically, we propose a model for interpreting the drivers of such decisions based on two dimensions: (1) the level of riskiness and complexity of the industry, (2) the centrality of the acquired resources and capabilities for the competitive advantage of the acquiring firm. The theoretical model is applied to the cruise industry, through a qualitative analysis on three case studies, based on the M&As and alliances of the major companies in the last fifteen years. The industry represents an ideal set for studying such issues, as the increasing turbulent environment has pressed cruise operators towards growing strategies that follow different paths. The results show that in the cruise industry the two aforementioned dimensions seems to matter in firms’ choice between M&As and alliances, offering theoretical and practical implications.
Keywords: M&A, alliances, cruise industry.
Jel codes: L1, L21, L22, L25, M21
Lara Penco, Giorgia Profumo, Merger&Acquisitions (M&As) e alliances delle imprese crocieristiche: un’analisi delle determinanti strategiche in "ECONOMIA E DIRITTO DEL TERZIARIO " 2/2016, pp 237-264, DOI: 10.3280/ED2016-002002