Economies of Scope and Optimal Due Diligence in Corporate Acquisitions

The authors contributed equally and are listed alphabetically. The authors thank Thomas Brush, Emilie Feldman, Ashton Hawk, Joseph Mahoney, Richard Makadok, and participants at the 2019 Mergers and Acquisitions Conference, the 2019 Strategy Science Conference, the 2019 Theoretical Organization Modeling Conference, the 2019 Real Options Conference, the 2019 Academy of Management Annual Meeting, the 2019 Strategic Management Society Annual Meeting, the 2019 Annual Wharton Corporate Strategy and Innovation Conference, and the brownbag seminar in the Management Department, McCombs School of Business, University of Texas at Austin, for valuable comments. The authors also appreciate very helpful feedback from Nicholas Argyres and three anonymous reviewers at Organization Science.