search query: @author Hitt, M. A. / total: 30
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| Author: | Hoskisson, R. E. Hitt, M. A. |
| Title: | Strategic control systems and relative R&D investment in large multiproduct firms. |
| Journal: | Strategic Management Journal
1988 : NOV-DEC, VOL. 9:6, p. 605-621 |
| Index terms: | CONGLOMERATE COMPANIES FINANCIAL CONTROL R&D COMPANY PERFORMANCE |
| Language: | eng |
| Abstract: | Hypothesized is that tight financial controls associated with large diversified multidivisional form firms lead to a short-term, low-risk orientation and thereby lower relative investment in research and development. Further, it is hypothesized that increasing levels of diversification require different control systems which have significant implications for investing in research and development. Results suggest that less diversified firms invest more heavily in R+D than more diversified firms. The market evaluates R+D investment more positively for firms that are organized to seek synergy than for those that are organized to pursue a hedging strategy. |
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