Corporate Acquisitions Boost Firm-Specific Knowledge Capital for Market Dominance
The article discusses how companies use their unique skills and knowledge to gain an advantage over competitors. These assets, like management skills and technology know-how, are specific to each company and can be shared between different parts of the same company easily. The research looks at how these assets affect the behavior of companies with multiple plants, focusing on firms in Sweden. The findings show that these intangible assets play a crucial role in the success of large companies, helping them grow and compete in the market.