Strategies for M&As: when is acquisition the right mode to grow?
从交易成本经济学和能力视角出发，探讨了在内部开发、许可、联盟等资源获取方式中，何时选择收购更合理，并强调了平衡不同资源获取模式的重要性。
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.