{"id":103788,"date":"2020-11-23T15:08:16","date_gmt":"2020-11-23T14:08:16","guid":{"rendered":"https:\/\/www.ieseg.fr\/?post_type=events&#038;p=103788"},"modified":"2020-11-23T15:08:16","modified_gmt":"2020-11-23T14:08:16","slug":"inent-research-seminar-santalo","status":"publish","type":"events","link":"https:\/\/www.ieseg.fr\/en\/events\/inent-research-seminar-santalo\/","title":{"rendered":"INENT Online Research Seminar: &#8220;Corporate Political Resources in Diversified Firms: The Role of Industry Relatedness&#8221; by Juan SANTAL\u00d3 \u2013 IE BUSINESS SCHOOL"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-100969\" src=\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/2020\/09\/Vignette-ev\u00e9nements-site-web-research-seminar-2.png\" alt=\"\" width=\"880\" height=\"250\" srcset=\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/2020\/09\/Vignette-ev\u00e9nements-site-web-research-seminar-2.png 880w, https:\/\/www.ieseg.fr\/wp-content\/uploads\/2020\/09\/Vignette-ev\u00e9nements-site-web-research-seminar-2-300x85.png 300w, https:\/\/www.ieseg.fr\/wp-content\/uploads\/2020\/09\/Vignette-ev\u00e9nements-site-web-research-seminar-2-768x218.png 768w, https:\/\/www.ieseg.fr\/wp-content\/uploads\/2020\/09\/Vignette-ev\u00e9nements-site-web-research-seminar-2-150x43.png 150w, https:\/\/www.ieseg.fr\/wp-content\/uploads\/2020\/09\/Vignette-ev\u00e9nements-site-web-research-seminar-2-400x114.png 400w\" sizes=\"(max-width: 880px) 100vw, 880px\" \/><\/p>\n<p style=\"text-align: center;\"><strong>Speaker: Juan SANTAL\u00d3<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>IE BUSINESS SCHOOL <\/strong><\/p>\n<p style=\"text-align: center;\"><strong>Date and Location &#8211; Wednesday December 9th 2020 from 14:00 to 15:30 on Zoom<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><strong>&gt; Abstract:<\/strong><\/p>\n<p>We study the use corporate political resources (CPR) as a lever to gain competitive advantage in multiple industries for diversified firms and we investigate the impact of an acquirer\u2019s corporate political resources (CPRs) on the post-acquisition performance of a target. We argue that the impact of CPR will depend on up to what point the target industry represents a core industry to the acquirer. Contrary to the well-known positive impact of related diversification on performance, we argue that if CPRs are non-scale free resources, then relatedness between target and acquired industry could negatively moderate the impact of CPR on performance. With a sample of 3,780 acquisitions during 2000-2014, this study reveals the post- integration performance of targets across 13,918 firm-year observations. A matching methodology that compares the sales growth of targets in successful acquisitions versus the growth rates of targets in announced but incomplete acquisitions helps alleviate endogeneity concerns. The empirical findings are consistent with the view of CPRs as non-scale-free resources, implying a case of resource-driven, unrelated diversification.<\/p>\n<p style=\"text-align: center;\"><a class=\"btn-transparent\" href=\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/2020\/11\/20201209-abstract-SANTALO.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Download<\/strong> the abstract<\/a><\/p>\n<p style=\"text-align: center;\"><a class=\"btn-transparent\" href=\"https:\/\/ieseg.zoom.us\/meeting\/register\/tZItfu-oqj0jHNOQ3c_PbTEarCfzguZRKkEy\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Join<\/strong> the webinar<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Speaker: Juan SANTAL\u00d3 IE BUSINESS SCHOOL Date and Location &#8211; Wednesday December 9th 2020 from 14:00 to 15:30 on Zoom &nbsp; &gt; Abstract: We study the use corporate political resources [&hellip;]<\/p>\n","protected":false},"featured_media":0,"template":"","events-category":[200,66,166],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>INENT Online Research Seminar: &quot;Corporate Political Resources in Diversified Firms: The Role of Industry Relatedness&quot; by Juan SANTAL\u00d3 \u2013 IE BUSINESS SCHOOL - I\u00c9SEG<\/title>\n<meta name=\"description\" content=\"Speaker: Juan SANTAL\u00d3 IE BUSINESS SCHOOL Date and Location - Wednesday December 9th 2020 from 14:00 to 15:30 on Zoom &nbsp; &gt; Abstract: We study the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ieseg.fr\/en\/events\/inent-research-seminar-santalo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INENT Online Research Seminar: &quot;Corporate Political Resources in Diversified Firms: The Role of Industry Relatedness&quot; by Juan SANTAL\u00d3 \u2013 IE BUSINESS SCHOOL - I\u00c9SEG\" \/>\n<meta property=\"og:description\" content=\"Speaker: Juan SANTAL\u00d3 IE BUSINESS SCHOOL Date and Location - Wednesday December 9th 2020 from 14:00 to 15:30 on Zoom &nbsp; 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