8 Human Capital in Cross-border Mergers and Acquisitions: An Exaptation Perspective

DOI: 10.4324/9781003195894-8

8.1 Introduction

A vast amount of literature could be found studying the role of the headquarters’ location in the home country and its linkages with market forces and market structure (Beugelsdijk & Mudambi 2013). It is argued that firms with geographically dispersed business units perform better in cross-border activities than others. A significant stream of literature, which can help explain why some firms, having geographically dispersed units in the home country, can perform better than others, is the exaptation of human capital (HC). Drawing on Santangelo and Stucchi (2018) study, we argue that domestically dispersed business ...

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