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Excess pension asset reversions and corporate acquisition activity

✍ Scribed by David A. Cather; Elizabeth S. Cooperman; Glenn A. Wolfe

Book ID
119080897
Publisher
Elsevier Science
Year
1991
Tongue
English
Weight
878 KB
Volume
23
Category
Article
ISSN
0148-2963

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The resource-based perspective suggests that firms are bundles of assets, some of which are fungible in nature. To the extent that some resources are fungible, firms should be able to redeploy them to enter new markets when their existing businesses decline. On the other hand, perspectives that emph