Since 2014
Diversification through Acquisition: Co-Operative Banks as Dynamic Players in Competitive Markets
International Journal of Cooperative Studies
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| Title |
Diversification through Acquisition: Co-Operative Banks as Dynamic Players in Competitive Markets
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| Creator |
Saila, Rosas; School of Business, Lappeenranta University of Technology, Finland
Iiro, Jussila; School of Business, Lappeenranta University of Technology, Finland Pasi, Tuominen; School of Business, Lappeenranta University of Technology, Finland |
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| Subject |
Cooperatives
co-operative, bank, competition, growth, diversification, acquisition Cooperatives |
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| Description |
Mainstream strategic management literature has for long considered acquisition as one of investor-owned firms’ options when pursuing growth – to survive competition and gain greater profits. Relatively little attention has been given to this option in literature on co-operative enterprises. Therefore, the main purpose of the qualitative study at hand is to advance knowledge on strategic management of consumer co-operatives with a focus on acquisitions. Our interview data concerns one of the biggest corporate acquisitions in Finland, which served to give birth to the country’s leading financial services constellation: OP-Pohjola Group. Analysing the data we depict the context of the acquisition decision, identifying particular themes (forces and boundary conditions) seen as setting the stage for the strategic move and generate a model that helps explain when and why acquisition becomes a relevant strategy for a consumer co-operative (bank). Our study shows that mainstream strategic management doctrine can be integrated into co-operative management theory to the extent it fits the purpose of co-operative organizations.
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| Publisher |
World Scholars
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| Contributor |
—
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| Date |
2012-12-05
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| Type |
Peer-reviewed Article
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| Format |
application/pdf
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| Identifier |
http://wscholars.com/index.php/ijcs/article/view/153
10.11634/216826311403153 |
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| Source |
International Journal of Cooperative Studies; Vol 1, No 2 (2012); 37-46
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| Language |
en
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| Rights |
Submission of an article implies that the work described has not been published previously (except in the form of an abstract or as part of a published lecture or academic thesis), that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, in English or in any other language, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.World Scholars reserves the rights to retract any published manuscripts in the case of suspected plagiarism or any scientific misconducts. All requests for withdrawal of manuscripts before or after publishing will only be entertained if a formal written request is made to the editor of IJCS. Approvals for withdrawal of manuscripts wholly depends on the consideration of the editor and the editorial board of IJCS. No refunds for the manuscript publishing charges will be made in the event of withdrawal after the manuscript has been published.Copyrights for articles published in World Scholars journals are retained by the authors, with first publication rights granted to the journal. The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author.
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