Capability Accumulation and Conglomeratization in the Information Age
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Chen, J.
Elliott, M.
Koh, A.
Abstract
The past twenty years have witnessed the emergence of internet conglomerates fueled by acquisitions. We build a simple theoretical model to study this. Following Wernerfelt (1984) we endow firms with scarce competencies which drive their competitiveness a
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Faculty of Economics & Cambridge-INET Institute, University of Cambridge