haku: @indexterm Industrial performance / yhteensä: 256
viite: 98 / 256
| Tekijä: | Gartrell, K.D. |
| Otsikko: | Innovation, industry specialization, and shareholder wealth. |
| Lehti: | California Management Review
1990 : SPRING, VOL. 32:3, p. 87-101 |
| Asiasana: | INNOVATION INDUSTRIAL PERFORMANCE SPECIALIZATION SHAREHOLDERS |
| Kieli: | eng |
| Tiivistelmä: | The character of an economically efficient corporate strategy is examined. An explanation for the superior performance of related diversifies is outlined. A study of the combined effects of R and D activity and industry specialization on economic performance is reported. The study involved 361 New York and American Stock Exchange companies during 1980-1985. The analysis centres on two questions: What are the effects of the level of R and D activity and industry specialization on abnormal returns? What are the effects of the level of R and D and industry specialization on systematic risk? The results suggest that increased R an D and reduced specialization are critical factors underlying superior economic efficiency. |
SCIMA