Atalay, Enghin; Sorensen, Alan T.; Sullivan, Christopher J. - National Bureau of Economic Research - 2023
firms. Merging firms tend to both drop and add products at the periphery of their joint product portfolios, with the net … effect of increasing within-firm product similarity. These results are consistent with theories of the firm that emphasize … cost synergies among similar types of products or managerial core competencies linked to particular segments of the product …