search query: @author Taylor, C. / total: 9
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| Author: | Blonigen, B. Taylor, C. |
| Title: | R&D intensity and acquisitions in high-technology industries: evidence from the US electronic and electrical equipment industries |
| Journal: | Journal of Industrial Economics
2000 : MAR, VOL. 48:1, p. 47-70 |
| Index terms: | R&D HIGH TECHNOLOGY INDUSTRIES MERGERS |
| Language: | eng |
| Abstract: | Theory suggests R&D intensity and acquisition activity may be either directly or inversely related. However, relatively little is known about which firms are responsible for acquisition activity in high-technology industries, which are not only R&D-intensive, but also have substantial acquisition activity in the United States. Using a panel of 217 U.S. electronic and electrical equipment firms from 1985-93 and limited dependent variable estimation techniques, the authors find a substantial negative correlation between R&D-intensity and a firm's propensity to acquire. |
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