| Author: | Guerard Jr, J. B. Bean, A. S. Andrews, S. |
| Title: | R & D management and corporate financial policy. |
| Journal: | Management Science
1987 : NOV, VOL. 33:11, p. 1419-1427 |
| Index terms: | R&D MANAGEMENT CORPORATE FINANCE CORPORATE STRATEGY |
| Language: | eng |
| Abstract: | An econometric model is developed to analyze the interdependencies of the research and development, investment, dividend, and new debt financing decisions. The strategic decision makers of the firm seek to allocate resources in accordance with the set of seemingly incompatible objectives. Management attempts to manage dividends, capital expenditures, and research and development activities while minimizing the reliance upon external funding to generate future profits.The dates of 140 firms are estimated econometrically during the 1978-1982 period. |
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