A firm's behavior is constrained by its access to resources owned or controlled by different constituencies in its environment. Mergers and acquisitions are one way to proactively manage these resource dependencies. Research on resource dependence reducing merger and acquisition patterns...

The authors extend the existing research on acquisition programs by identifying four types of acquisition programs that we call: cautious approach, political approach, investment-intensive approach, and hybrid approach. The authors also provide a finer-grained distinction between various...