search query: @author Hitt, M. A. / total: 30
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| Author: | Hitt, M. A. |
| Title: | Effects of acquisitions on R&D inputs and outputs. |
| Journal: | Academy of Management Journal
1991 : SEP, VOL. 34:3, p. 693-706 |
| Index terms: | TAKEOVERS R&D |
| Language: | eng |
| Abstract: | Although a popular strategy, acquisitions may not always lead to positive firm performance. Several explanations have been offered for this fact. One is that acquisitions lead to lower investments in R&D and curtail the championing process whereby organization members internally promote new products and processes in firms. Managers may use acquisitions as a substitute for innovation. They can acquire technology or products that are new to their firms but not necessarily new to the market. The current research found that acquisitions had negative effects on "R&D" intensity and "patent intensity". |
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