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Product-Market Competition and Resource Redeployment in Multi-Business Firms

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dc.contributor.authorGiarratana, Marco
dc.contributor.authorSantaló, Juan
dc.contributor.authorMorandi Stagni, Raffaele
dc.contributor.rorhttps://ror.org/02jjdwm75
dc.date.accessioned2025-06-25T08:20:00Z
dc.date.available2025-06-25T08:20:00Z
dc.date.issued2020-06-02
dc.description.abstractThis article investigates how diversified firms reallocate internal non-scale free resources when one of their product business units (BUs) experiences increased exposure to international competition driven by a sharp decrease in trade tariffs. On average, firms tend to fight, by reallocating resources toward the BU affected by the trade shock and away from other BUs within the same firm. Two variables moderate this first-order effect with opposite signs. The level of sunk costs of the assets allocated to the BU affected by the shock is a positive moderator of resource reallocation to it. The presence of technological synergies between the BU affected and the rest of BUs instead moderates the relationship negatively. This negative moderation seems to only take place when competition increases the value of technology as a competitive resource.
dc.description.peerreviewedyes
dc.description.statusPublished
dc.formatapplication/pdf
dc.identifier.citationMorandi Stagni, R., Santaló, J., & Giarratana, M. S. (2020). Product‐market competition and resource redeployment in multi‐business firms. Strategic Management Journal, 41(10), 1799-1836. https://doi.org/10.1002/smj.3207.
dc.identifier.doihttps://doi.org/10.1002/smj.3207
dc.identifier.issn1097-0266
dc.identifier.urihttps://hdl.handle.net/20.500.14417/3811
dc.issue.number10
dc.journal.titleStrategic Management Journal
dc.language.isoen
dc.page.final1836
dc.page.initial1799
dc.page.total54
dc.publisherWiley
dc.relation.departmentStrategy
dc.relation.entityIE University
dc.relation.schoolIE Business School
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/deed.en
dc.titleProduct-Market Competition and Resource Redeployment in Multi-Business Firms
dc.typeinfo:eu-repo/semantics/article
dc.version.typeinfo:eu-repo/semantics/acceptedVersion
dc.volume.number41
dspace.entity.typePublication
relation.isAuthorOfPublicatione9508b29-b78b-4aa3-9560-d71aa11f6ee6
relation.isAuthorOfPublicationb15ba486-b637-4a5f-ae06-6a5e367ce510
relation.isAuthorOfPublication.latestForDiscoverye9508b29-b78b-4aa3-9560-d71aa11f6ee6
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